at Calculated Risk on 11/21/2024 08:30:00 AM
The DOL reported:
In the week ending November 16, the advance figure for seasonally adjusted initial claims were 213,000a decrease of 6,000 from the previous week’s revised level. The previous week’s level was revised up by 2,000 from 217,000 to 219,000. The 4-week moving average was 217,750, a decrease of 3,750 from the previous week’s revised average. The previous week’s average was revised up by 500 from 221,000 to 221,500.
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 217,750.
The previous week was revised up.
Weekly claims were below the consensus forecast.