Jobless Claims: Rolling 4-Week Average Lowest Since April

The trouble with most economic data points is that the monthly reports are really noisy and normally inconsequential absent context.  The other thing is that revisions are the rule not the exception, which is why when media breathlessly reports these things it is important not to get too whipped up one way or the other.

Calculated Risk has the weekly Jobless Claims data going back to January of 2000 as a rolling 4-week average below, they note that by this measure we are at the best levels since April but still elevated:

Source:

Weekly Initial Unemployment Claims decline sharply to 391,000 (Calculated Risk)

 

 

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