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23 April 2016 Initial Unemployment Claims Rolling Average Improves. 60 Consecutive Weeks Of Initial Claims Below 300,000
Thursday, April 28, 2016 6:09
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Weekly Initial Unemployment Claims
The market expectations for weekly initial unemployment claims (from Bloomberg) were 240,000 to 264,000 (consensus 260,000), and the Department of Labor reported 257,000 new claims. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average moved from 260,750 (reported last week as 260,500) to 256,000. The rolling averages generally have been equal to or under 300,000 since August 2014.
Source: http://econintersect.com/pages/releases/release.php?post=201604280751
