by Bill McBride on 3/16/2017 08:33:00 AM
The DOL reported:
In the week ending March 11, the advance figure for seasonally adjusted initial claims was 241,000, a decrease of 2,000 from the previous week's unrevised level of 243,000. The 4-week moving average was 237,250, an increase of 750 from the previous week's unrevised average of 236,500.
The previous week was unrevised.
The following graph shows the 4-week moving average of weekly claims since 1971.
Click on graph for larger image.
The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims increased to 237,250.
This was at the consensus forecast.
The low level of claims suggests relatively few layoffs.