Weekly Initial Unemployment Claims

This weeks Initial Unemployment Claims report got worse and shows a spike in initial unemployed.  Initial Unemployment Claims are a measure of the number of persons whom filed for unemployment benefits for the first time in the prior week.  The forecast called for 379k, but the actual headline number was 412k.  The prior weeks 382k was revised up to 385k, giving a delta of 3k this week.  The 4 week moving average now sits at 391k and shows a possible turning point from the previous falling trend.