Boom Doom Economy: USA Weekly Unemployment Claims at 15-Week Low (Charts) *Bonus Chart: The Great Recession Cycle*

Thursday, October 28, 2010

USA Weekly Unemployment Claims at 15-Week Low (Charts) Bonus Chart: The Great Recession Cycle

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United States Department of Labor: Unemployment Insurance Weekly Claims Report

USA Weekly Unemployment Claims at 15-Week Low
4-Week Moving Average at 14-Week Low

The Weekly Unemployment Claims page has been updated with the latest report by the U.S. Department of Labor for the week ended October 23, 2010. The related charts (4-Week Moving Average and Weekly Unemployment Insurance Claims) for the past 52 weeks have also been updated

Great Recession Cycle

Below is a bonus chart this week, the long-term view of of weekly unemployment insurance claims. The chart is from the week ended January 5, 2008 through the latest week reported, October 23, 2010. The Great Recession peak was 651,000 for the week ended March 28, 2009 and the subsequent cyclical low has been 427,000 for the week ended July 10, 2010. From this longer-term view, weekly unemployment claims have been hovering around the 450,000 level for the past few months. Claims initially approached this level for the week ended December 26, 2009 at 454,000.