Unemployment Claims Up Again.

by SixFigureStart | December 17, 2009

  • My Vault
There was less of a move in new claims than last week. We’re still below 500k. That’s the good news from this week’s Unemployment Insurance Weekly Claims Report. Initial claims increased to 480,000. Last week’s number was revised down 1,000. This was above the (rather tight) Bloomberg consensus range of 460k to 470k. From the report:

In the week ending Dec. 12, the advance figure for seasonally adjusted initial claims was 480,000, an increase of 7,000 from the previous week’s revised figure of 473,000. The 4-week moving average was 467,500, a decrease of 5,250 from the previous week’s revised average of 472,750. Unemployment Claims Up Again.

-By crazynutjob The 405 Club

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