"Weekly Initial Unemployment Claims increase to 457,000"

I haven't posted weekly unemployment claims for awhile, but not much has changed since the last time. Via Calculated Risk:

Weekly Initial Unemployment Claims increase to 457,000, by Calculated Risk: The DOL reports on weekly unemployment insurance claims:

In the week ending Oct. 30, the advance figure for seasonally adjusted initial claims was 457,000, an increase of 20,000 from the previous week's revised figure of 437,000. The 4-week moving average was 456,000, an increase of 2,000 from the previous week's revised average of 454,000.

Click on graph for larger image in new window.

This graph shows the 4-week moving average of weekly claims since January 2000.

The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims increased this week by 2,000 to 456,000.

The 4-week moving average has been moving sideways at an elevated level for almost a year - a sign of a weak job market.

We'll get more information when the employment report comes out tomorrow, but I'm not expecting the news to be very good.