In the week ending June 4, the advance figure for seasonally adjusted initial claims was 427,000, an increase of 1,000 from the previous week's revised figure of 426,000. The 4-week moving average was 424,000, a decrease of 2,750 from the previous week's revised average of 426,750.
They continue to stay elevated.
Rule of thumb: when the labor market is healthy, these claims will probably settle into the 300,000's. So 427,000 is high and most likely means continuing labor market weakness.
Thread: Unemployment claims
06-09-2011 11:47 AM #1Member
- Join Date
- Feb 2007
06-09-2011 07:11 PM #2