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Weekly Initial Unemployment Claims decrease to 192,000


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

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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