Wednesday , August 15 2018
Home / Calculated Risk / Weekly Initial Unemployment Claims decreased to 213,000

Weekly Initial Unemployment Claims decreased to 213,000

Summary:
The DOL reported:In the week ending August 4, the advance figure for seasonally adjusted initial claims was 213,000, a decrease of 6,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 218,000 to 219,000. The 4-week moving average was 214,250, a decrease of 500 from the previous week's revised average. The previous week's average was revised up by 250 from 214,500 to 214,750. emphasis addedThe previous week was revised up.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 decreased to 214,250.This was lower than the consensus forecast. The low level of claims suggest few

Topics:
Bill McBride considers the following as important:

This could be interesting, too:

Tyler Durden writes Where Are Plastic Bags Banned Around The World?​

Tyler Durden writes Over 300 Catholic Pedos Preyed Upon 1,000+ Children Amid “Systematic” Coverup: Report

Tyler Durden writes 5 Times The US Clearly Meddled In Foreign Elections Since 2005

Tyler Durden writes “Furious” Swedish PM Rages At Violent Gang Rampage: “What The Hell Are You Doing?”

The DOL reported:
In the week ending August 4, the advance figure for seasonally adjusted initial claims was 213,000, a decrease of 6,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 218,000 to 219,000. The 4-week moving average was 214,250, a decrease of 500 from the previous week's revised average. The previous week's average was revised up by 250 from 214,500 to 214,750.
emphasis added
The previous week was revised up.

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

Weekly Initial Unemployment Claims decreased to 213,000Click 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 decreased to 214,250.

This was lower than the consensus forecast. The low level of claims suggest 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 *