Weekly Initial Unemployment Claims decrease to 250,000


by Calculated Risk on 8/18/2022 08:34:00 AM

The DOL reported:

In the week ending August 13, the advance figure for seasonally adjusted initial claims was 250,000, a decrease of 2,000
from the previous week’s revised level. The previous week’s level was revised down by 10,000 from 262,000 to 252,000.
The 4-week moving average was 246,750, a decrease of 2,750 from the previous week’s revised average. The previous
week’s average was revised down by 2,500 from 252,000 to 249,500.
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 246,750.

The previous week was revised down.

Weekly claims were below the consensus forecast.


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