Weekly Unemployment Claims Exceed 400,000 12th Consecutive Week, Exceed 420,000 Nine out of last 10 Weeks

The labor market remains stuck in the mud since April second, the last time seasonally adjusted initial unemployment claims fell below 400,000.

Initial Unemployment Claims For 2011



Please consider the Department of Labor Weekly Claims Report.

In the week ending June 25, the advance figure for seasonally adjusted initial claims was 428,000, a decrease of 1,000 from the previous week's unrevised figure of 429,000. The 4-week moving average was 426,750, an increase of 500 from the previous week's unrevised average of 426,250.



The recovery is now 2 full years old. Yet, the 4-week moving average of weekly claims remains an elevated 426,750.

4-Week Moving Average of Weekly Claims



The 4-week moving average of weekly unemployment claims is at or above recession levels.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List