Weekly Initial Claims Statistics (3/6)

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

“In the week ending March 6, the advance figure for seasonally adjusted initial claims was 462,000, a decrease of 6,000 from the previous week’s revised figure of 468,000. The 4-week moving average was 475,500, an increase of 5,000 from the previous week’s revised average of 470,500.”

The 4 week moving averaging of unemployment claims is near 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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This entry was posted on March 12, 2010 at March 12, 2010 and is filed under U.S Market. You can follow any responses to this entry through the RSS 2.0 feed.