The volatility in new unemployment claims continues. This week’s Unemployment Insurance Weekly Claims Report bring us down to 415k. Last week’s number was revised up 3k. The Bloomberg consensus range was 354k to 434k, which highlights the impact of recent volatility on analyst claims more than it indicates increased optimism. From the report:In the week ending Jan. 29, the advance figure for seasonally adjusted initial claims was 415,000, a decrease of 42,000 from the previous week’s revised figure of 457,000. The 4-week moving average was 430,500, an increase of 1,000 from the previous week’s revised average of 429,500.
Unemployment: New Claims Down.