Bailout

Weekly Initial Unemployment Claims Increase

By Anonymous

In the week ending Jan. 16, the advance figure for seasonally adjusted initial claims was 482,000, an increase of 36,000 from the previous week's revised figure of 446,000. The 4-week moving average was 448,250, an increase of 7,000 from the previous week's revised average of 441,250.
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The advance number for seasonally adjusted insured unemployment during the week ending Jan. 9 was 4,599,000, a decrease of 18,000 from the preceding week's revised level of 4,617,000.

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

The four-week average of weekly unemployment claims increased this week by 7,000 to 448,250.

This is just one week - and the weekly data is noisy - but the level is still relatively high and suggests continued job losses in January.

Full post as published by Calculated Risk on January 21, 2010 (boomark / email).