Weekly Jobless claims fall to 403K, while 4-week average rises to 399K

Jobless claims dropped off the previous week, but still the numbers over the last couple of weeks point to the risk of ending the gradual reduction of claims. Initial claims fell 13,000 last week to 403,000 above expectations. The latest improvement still drove the the four-week average up up 2,250 to 399,000. A look back at this time last month shows the average at 391,000.

So while we have seen general improvement in the jobless numbers, the risk is that improvement stops.  Via DOL:

In the week ending April 16, the advance figure for seasonally adjusted initial claims was 403,000, a decrease of 13,000 from the previous week's revised figure of 416,000. The 4-week moving average was 399,000, an increase of 2,250 from the previous week's revised average of 396,750.

The advance seasonally adjusted insured unemployment rate was 2.9 percent for the week ending April 9, unchanged from the prior week's unrevised rate of 2.9 percent.

The advance number for seasonally adjusted insured unemployment during the week ending April 9 was 3,695,000, a decrease of 7,000 from the preceding week's revised level of 3,702,000. The 4-week moving average was 3,716,750, a decrease of 17,500 from the preceding week's revised average of 3,734,250.



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