by Calculated Risk on 1/06/2011 08:30:00 AM
Thursday, January 06, 2011
Weekly Initial Unemployment Claims: 4-Week Average declines
The DOL reports on weekly unemployment insurance claims:
In the week ending Jan. 1, the advance figure for seasonally adjusted initial claims was 409,000, an increase of 18,000 from the previous week's revised figure of 391,000. The 4-week moving average was 410,750, a decrease of 3,500 from the previous week's revised average of 414,250.Click on graph for larger image in new window.
This graph shows the 4-week moving average of weekly claims since January 2000.
The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims decreased this week by 3,500 to 410,750.
In general the four-week moving average has been declining and that is good news.