Unemployment Claims Creep Up

by SixFigureStart | December 11, 2009

  • My Vault
We’re still below 500k. This week’s Unemployment Insurance Weekly Claims Report has been released. Initial claims increased to 474,000. Last week’s number was unrevised. This was in the middle of the Bloomberg consensus range of 450k to 500k (I’ve seen a few headlines calling it worse than expected, which is why I look at the consensus range). From the report:

In the week ending Dec. 5, the advance figure for seasonally adjusted initial claims was 474,000, an increase of 17,000 from the previous week’s unrevised figure of 457,000. The 4-week moving average was 473,750, a decrease of 7,750 from the previous week’s revised average of 481,500.

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---By crazynutjob, The 405 Club

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