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by Calculated Risk on 1/26/2023 08:37:00 AM
The DOL reported:
In the week ending January 21, the advance figure for seasonally adjusted initial claims was 186,000, a decrease of
6,000 from the previous week’s revised level. The previous week’s level was revised up by 2,000 from 190,000 to
192,000. The 4-week moving average was 197,500, a decrease of 9,250 from the previous week’s revised average. The
previous week’s average was revised up by 750 from 206,000 to 206,750.
emphasis added
6,000 from the previous week’s revised level. The previous week’s level was revised up by 2,000 from 190,000 to
192,000. The 4-week moving average was 197,500, a decrease of 9,250 from the previous week’s revised average. The
previous week’s average was revised up by 750 from 206,000 to 206,750.
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 197,500.
The previous week was revised up.
Weekly claims were below the consensus forecast.
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