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Last Update: 26-Jan-12 09:46 ET
Weekly Initial Claims Up, but Downard Trend Intact
Initial clams for the week ending January 21 increased by 21,000 to 377,000 (Briefing.com consensus 375,000). Granted that is the wrong move directionally, yet the uptick did not expose any material deviation from the problems with seasonal adjsutment factors that the DOL said impacted claims levels in recent weeks. Moreover, the uptick did not alter the improving trend in the 4-week moving average, which decreased by 2,500 to 377,500.
Continuing claims for the week ending January 14 jumped 88,000 to 3.554 mln, which was right in-line with the Briefing.com consensus of 3.55 mln. Despite the jump, the 4-week average for continuing claims fell by 15,750 to 3.569 mln.
The claims report paints a picture of the employment sector that is accented by stabilization and twinged with the light of improvement.
Continuing claims for the week ending January 14 jumped 88,000 to 3.554 mln, which was right in-line with the Briefing.com consensus of 3.55 mln. Despite the jump, the 4-week average for continuing claims fell by 15,750 to 3.569 mln.
The claims report paints a picture of the employment sector that is accented by stabilization and twinged with the light of improvement.
