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The Department of Labor reports unemployment (initial claims) statistics as follows.
”In the week ending Jan. 2, the advance figure for seasonally adjusted initial claims was 434,000, an increase of 1,000 from the previous week’s revised figure of 433,000. The 4-week moving average was 450,250, a decrease of 10,250 from the previous week’s revised average of 460,500. ”
The 4 week moving averaging of unemployment claims is at its 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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