Dollars and Jens
Thursday, July 23, 2009
Initial Claims

The (-0,2,-0,2) smoothed line has jumped from 556000 to 562000. (The exponential moving average is down to 569,000.) The seasonally adjusted number from last week was revised up by 2,000 to 524,000, and the new number is up 30,000 to 554,000. The four-week sliding-window average is 566,000.

The unadjusted number is down 90,000 from the week before, rather the reverse of last week; both adjusted and unadjusted numbers are down about 10,000–15,000 from two weeks ago, as the seasonal adjustment has overadjusted in both directions in the meantime.


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