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by Calculated Risk on 3/16/2023 08:33:00 AM
The DOL reported:
In the week ending March 11, the advance figure for seasonally adjusted initial claims was 192,000, a decrease of
20,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 211,000 to
212,000. The 4-week moving average was 196,500, a decrease of 750 from the previous week’s revised average. The
previous week’s average was revised up by 250 from 197,000 to 197,250.
emphasis added
20,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 211,000 to
212,000. The 4-week moving average was 196,500, a decrease of 750 from the previous week’s revised average. The
previous week’s average was revised up by 250 from 197,000 to 197,250.
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 decreased to 196,500.
The previous week was revised up.
Weekly claims were below the consensus forecast.
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