Thursday, August 5, 2010
Initial Unemployment Claims increase to 479,000
The four-week average of weekly unemployment claims increased this week by 5,250 to 458,500.
The dashed line on the graph is the current 4-week average. The 4-week average of initial weekly claims has been at about the same level since December 2009 (eight months) and the 4-week average of 458,500 is high historically, and suggests a weak labor market.