Sunday, September 5, 2010

USA Weekly Unemployment Claims Down -6,000 (Charts) *472,000 Total Claims*


United States Department of Labor: Unemployment Insurance Weekly Claims Report

USA Weekly Unemployment Claims Down -6,000

The Department of Labor reported USA Weekly Unemployment Claims were down -6,000 to 472,000 for the week ended August 28, 2010. This is the lowest number of total  claims since the week ended July 24 at 460,000. The 4-week moving average, which is considered a more accurate, smoother measure of unemployment claims filed is now 485,500, down 2,500 from the previous week of August 21.

The first chart below shows the last 52 weeks (1 year) of the 4-week moving average of weekly unemployment claims. The 4-week moving average dropped significantly to reach a first low of 462,500 for the week ended January 9, 2010. After an increase, another low was set of 448,000 for the week ended March 27. The highs and lows on the chart subsequently have trended upwards, indicating continued weakness in the job market.

The chart below shows the last 52 weeks (1 year) of weekly unemployment claims, of which the chart above is the running 4-week moving average.A general decline in claims is indicated, with a recent peak of 504,000 reached for the week ended August 14 and a recent low of 427,000 reached for the week ended July 10.

*Chart data from the U.S. Department of Labor*

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