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22 October 2016 Initial Unemployment Claims: Rolling Averages Marginally Worsen

Thursday, October 27, 2016 6:58
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(Before It's News)

Weekly Initial Unemployment Claims

The market expectations for weekly initial unemployment claims (from Bloomberg / Econoday) were 250 K to 262 K (consensus 255,000), and the Department of Labor reported 258,000 new claims. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average moved from 252,000 (reported last week as 251,750) to 253,000. The rolling averages generally have been equal to or under 300,000 since August 2014.

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