Weekly Initial Claims Statistics (12/12)

The Department of Labor reports unemployment (initial claims) statistics as follows.

“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.”

The 4 week moving averaging of unemployment claims is at it’s lowest level since September 2008. However, that figure is still high and continued job losses may still be on the horizon.

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Tags: unemployment

This entry was posted on December 19, 2009 at December 19, 2009 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed.