Jobless Claims: Edged Higher In Last Week of 2017
January 4, 2018
Bottom Line: Claims edged higher in the week ended December 30th. The 4-week average is now at 242k, above he 13-week average of 239k. While subject to heavy seasonal adjustments in December, this might suggest the month ended slightly weaker than it started. This bears watching, especially if tomorrow's payroll figure for all of December proves as strong as the ADP report indicated it might.
On a non-seasonally adjusted basis, Continuing Claims ROSE by 91k to 2,077k during the week ended December 16th.
The Insured Jobless Rate STAYED at 1.4% during the week ended December 23th. The insured jobless rate only reflects the number of people collecting regular state unemployment insurance.
Article by Contingent Macro Advisors