The DOL reports on weekly unemployment insurance claims:In the week ending April 3, the advance figure for seasonally adjusted initial claims was 460,000, an increase of 18,000 from the previous week's revised figure of 442,000. The 4-week moving average was 450,250, an increase of 2,250 from the previous week's revised average of 448,000.
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The advance number for seasonally adjusted insured unemployment during the week ending March 27 was 4,550,000, a decrease of 131,000 from the preceding week's revised level of 4,681,000.Click on graph for larger image in new window. 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 2,250 to 450,250.The dashed line on the graph is the current 4-week average. The current level of 460,000 (and 4-week average of 450,250) is still high, and suggests continuing weakness in the jobs market. Note: There is no way to compare directly between weekly claims, and net payrolls jobs.--
James A. Nichols IV
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"Nothing in the world can take the place of Persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. The slogan 'Press On' has solved and always will solve the problems of the human race." ---Calvin Coolidge (1872 - 1933)
"Wovon man nicht sprechen kann, darüber muß man schweigen." --Lugwig Wittgenstein Logische-Philosophische Abhandlung 7
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