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by Calculated Risk on 1/05/2023 08:33:00 AM
The DOL reported:
In the week ending December 31, the advance figure for seasonally adjusted initial claims was 204,000, a decrease of
19,000 from the previous week’s revised level. The previous week’s level was revised down by 2,000 from 225,000 to
223,000. The 4-week moving average was 213,750, a decrease of 6,750 from the previous week’s revised average. The
previous week’s average was revised down by 500 from 221,000 to 220,500.
emphasis added
19,000 from the previous week’s revised level. The previous week’s level was revised down by 2,000 from 225,000 to
223,000. The 4-week moving average was 213,750, a decrease of 6,750 from the previous week’s revised average. The
previous week’s average was revised down by 500 from 221,000 to 220,500.
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 213,750.
The previous week was revised down.
Weekly claims were well below the consensus forecast.
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