by Calculated Risk on 1/19/2023 08:41:00 AM
The DOL reported:
In the week ending January 14, the advance figure for seasonally adjusted initial claims was 190,000, a decrease of
15,000 from the previous week’s unrevised level of 205,000. The 4-week moving average was 206,000, a decrease of
6,500 from the previous week’s unrevised average of 212,500.
The following graph shows the 4-week moving average of weekly claims since 1971.
Click on graph for larger image.
The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims decreased to 206,000.
The previous week was unrevised.
Weekly claims were below the consensus forecast.
Image and article originally from www.calculatedriskblog.com. Read the original article here.