Weekly Initial Unemployment Claims increase to 401,000: The DOL reports:
Click on graph for larger image in graph gallery.
The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims declined this week to 414,000.
This is the lowest level for the 4-week average of weekly claims since August, and this was below the consensus forecast of 410,000. Still elevated, but some improvement.
In the week ending October 1, the advance figure for seasonally adjusted initial claims was 401,000, an increase of 6,000 from the previous week's revised figure of 395,000. The 4-week moving average was 414,000, a decrease of 4,000 from the previous week's revised average of 418,000.The following graph shows the 4-week moving average of weekly claims since January 2000 (there is a longer term graph in graph gallery).
Click on graph for larger image in graph gallery.The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims declined this week to 414,000.
This is the lowest level for the 4-week average of weekly claims since August, and this was below the consensus forecast of 410,000. Still elevated, but some improvement.
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