Weekly Initial Unemployment Claims decrease to 193,000


by Calculated Risk on 9/29/2022 08:39:00 AM

The DOL reported:

In the week ending September 24, the advance figure for seasonally adjusted initial claims was 193,000, a decrease of
16,000 from the previous week’s revised level. The previous week’s level was revised down by 4,000 from 213,000 to
209,000. The 4-week moving average was 207,000, a decrease of 8,750 from the previous week’s revised average. The
previous week’s average was revised down by 1,000 from 216,750 to 215,750.
emphasis added

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 207,000.

The previous week was revised down.

Weekly claims were lower than the consensus forecast.



Image and article originally from www.calculatedriskblog.com. Read the original article here.