Weekly Unemployment Claims Again Drop Dramatically

Unemployment Weekly Claims

The Unemployment Insurance Weekly Claims Report was released this morning for last week. The 330,000 new claims number was a 5,000 decrease from the previous week. That is the lowest number of initial claims since January of 2008. The less volatile and closely watched four-week moving average, which is usually a better indicator of the recent trend, fell from 359,250 to 351,750, the best reading since March of 2008. The first three weeks of 2013 show the sharpest decline in claims for the comparable opening weeks for the previous three years. Here is the official statement from the Department of Labor:

In the week ending January 19, the advance figure for seasonally adjusted initial claims was 330,000, a decrease of 5,000 from the previous week’s unrevised figure of 335,000. The 4-week moving average was 351,750, a decrease of 8,250 from the previous week’s revised average of 360,000. ..More



Categories: Employment News

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