Weekly Initial Unemployment Claims increase slightly

[ProSense]

Weekly Initial Unemployment Claims increase slightly

The DOL reports on weekly unemployment insurance claims:

In the week ending Nov. 13, the advance figure for seasonally adjusted initial claims was 439,000, an increase of 2,000 from the previous week's revised figure of 437,000. The 4-week moving average was 443,000, a decrease of 4,000 from the previous week's revised average of 447,000.

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 4,000 to 443,000.

This is the lowest level for the 4-week moving average since September 2008 - a clear improvement over recent months, but still elevated - and still a sign of weakness in the job market.

Larger image at original.

[ProSense]

1. No comment? n/t

[Safetykitten]

2. But the overall trend is improvement. That's the real story.

[MyNameIsKhan]

3. Yes unemployment is improving day by day, atleast in CA

I see most of my laid off friends now working again..

[Clio the Leo]

4. And that slight increase was still better than expected...

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