Weekly Initial Unemployment Claims increased to 218,000

The DOL reported : In the week ending October 26, the advance figure for seasonally adjusted initial claims was 218,000 , an increase of 5,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 212,000 to 213,000. The 4-week moving average was 214,750, a decrease of 500 from the previous week's revised average. The previous week's average was revised up by 250 from 215,000 to 215,250. emphasis added The previous week was revised up. The following graph shows the 4-week moving average of weekly claims since 1971. Click on graph for larger image. The......(read more)

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