The Double Dip Is Here: 500,000 File Initial Unemployment Claims

08-19-2010 • CalculatedRiskBlog.com

In the week ending Aug. 14, the advance figure for seasonally adjusted initial claims was 500,000, an increase of 12,000 from the previous week's revised figure of 488,000. The 4-week moving average was 482,500, an increase of 8,000 from the previous week's revised average of 474,500. ... The advance number for seasonally adjusted insured unemployment during the week ending Aug. 7 was 4,478,000, a decrease of 13,000 from the preceding week's revised level of 4,491,000. Click on graph for larger image in new window. This graph shows the 4-week moving average of weekly claims since January 2000. The four-week average of weekly unemployment claims increased this week by 8,000 to 482,500. The dashed line on the graph is the current 4-week average. This is the highest level for initial claims - and also for the 4-week average - since November 2009.