Weekly Initial Unemployment Claims decrease to 236,000 - InvestingChannel

Weekly Initial Unemployment Claims decrease to 236,000

The DOL reported:

In the week ending May 6, the advance figure for seasonally adjusted initial claims was 236,000, a decrease of 2,000 from the previous week’s unrevised level of 238,000. The 4-week moving average was 243,500, an increase of 500 from the previous week’s unrevised average of 243,000.
emphasis added

The previous week was unrevised.

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 increased to 243,500.

This was lower than the consensus forecast.

The low level of claims suggests relatively few layoffs.

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