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Weekly Initial Unemployment Claims decrease to 190,000


by Calculated Risk on 3/02/2023 08:35:00 AM

The DOL reported:

In the week ending February 25, the advance figure for seasonally adjusted initial claims was 190,000, a decrease of
2,000 from the previous week’s unrevised level of 192,000. The 4-week moving average was 193,000, an increase of
1,750 from the previous week’s unrevised average of 191,250.
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 193,000.

The previous week was unrevised.

Weekly claims were below the consensus forecast.

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