Weekly Unemployment Claims Report and Average (Graph)

Initial claims for unemployment, current reading 577,506 versus 559,894 a week ago.



The 4 week moving average of initial claims for unemployment dropped to 606,000 versus 616,000 a week ago. The 4 week average has been over 600,000 since February, 2009.

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4 Week Average of Unemployment Claims Still Above 600,000 (Chart)

The four week average of unemployment claims remains above 600,000 at 626,750. This makes 16 weeks in a row that the average has remained above 600,000.

Next week we will be taking off 537,539. Any number below that figure will continue the downtrend in this series.

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Average Hourly Week Worked Going Down (Chart)

This kinda fell through a crack on Friday. The weekly average number of hours worked continues to drop.This is a new historic low since they started compiling this series (1964). This is a small negative, but does show that things are far from picking up.

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