Saturday , October 20 2018
Home / Calculated Risk / Weekly Initial Unemployment Claims increase to 261,000

Weekly Initial Unemployment Claims increase to 261,000

Summary:
The DOL reported:In the week ending January 6, the advance figure for seasonally adjusted initial claims was 261,000, an increase of 11,000 from the previous week's unrevised level of 250,000. The 4-week moving average was 250,750, an increase of 9,000 from the previous week's unrevised average of 241,750.Claims taking procedures continue to be disrupted in the Virgin Islands. The claims taking process in Puerto Rico has still not returned to normal. emphasis addedThe previous week was unrevised.The following graph shows the 4-week moving average of weekly claims since 1971.Click on graph for larger image.The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims increased to 250,750.This was higher than the consensus forecast. The low

Topics:
Bill McBride considers the following as important:

This could be interesting, too:

Bill McBride writes Oil Rigs Increase Slightly

Tyler Durden writes Charting China’s Imminent Implosion

Tyler Durden writes Glenn Greenwald: The Most Repulsive 3 Minutes Ever Broadcast On TV

Tyler Durden writes Saudis Admit Khashoggi Killed At Consulate “In Fist-Fight”, King Salman Fires Top General, Adviser

The DOL reported:
In the week ending January 6, the advance figure for seasonally adjusted initial claims was 261,000, an increase of 11,000 from the previous week's unrevised level of 250,000. The 4-week moving average was 250,750, an increase of 9,000 from the previous week's unrevised average of 241,750.

Claims taking procedures continue to be disrupted in the Virgin Islands. The claims taking process in Puerto Rico has still not returned to normal.
emphasis added
The previous week was unrevised.

The following graph shows the 4-week moving average of weekly claims since 1971.

Weekly Initial Unemployment Claims increase to 261,000Click on graph for larger image.


The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims increased to 250,750.

This was higher than the consensus forecast. The low level of claims suggest relatively few layoffs.
Bill McBride
A full time blogger, Mr. McBride retired as a senior executive from a small public company in the '90s. Mr. McBride holds an MBA from the University of California, Irvine, and has a background in management, finance and economics.

Leave a Reply

Your email address will not be published. Required fields are marked *