Blogging on Employment and Job Markets in US Metro Areas

Initial Unemployment Claims Update

The DOL has released unemployment claims data for the week ending February 25 (see the DOL news release here).

Initial claims show us a labor market that continues to improve, with the 4-week moving average as of February 25 at 234,250 down 10.3% from a year earlier (here’s a link to the FRED chart below):

FRED chart: year-on-year percent change of 4-wk moving avg of initial unemployment claims

That figure of 245,250 is also well below the low point for the previous expansion, 286,500 in February 2006 (here’s a link to the FRED chart below):

FRED chart: 4-wk moving avg of initial unemployment claims