Weekly Initial Unemployment Claims increase sharply to 388,000

Weekly Initial Unemployment Claims increase sharply to 388,000

from Calculated Risk by Bill McBride

The DOL reports:

In the week ending October 13, the advance figure for seasonally adjusted initial claims was 388,000, an increase of 46,000 from the previous week's revised figure of 342,000. The 4-week moving average was 365,500, an increase of 750 from the previous week's revised average of 364,750.

The previous week was revised up from 339,000.http://www.calculatedriskblog.com/2012/10/weekly-initial-unemployment-claims_18.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CalculatedRisk+%28Calculated+Risk%29