Weekly Initial Unemployment Claims increase to 228,000


by Calculated Risk on 10/13/2022 08:36:00 AM

The DOL reported:

In the week ending October 8, the advance figure for seasonally adjusted initial claims was 228,000, an increase of
9,000 from the previous week’s unrevised level of 219,000. The 4-week moving average was 211,500, an increase of
5,000 from the previous week’s unrevised average of 206,500.
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 increased to 211,500.

The previous week was unrevised.

Weekly claims were close to the consensus forecast.


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