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Weekly Initial Unemployment Claims decrease to 213,000


by Calculated Risk on 9/15/2022 08:32:00 AM

The DOL reported:

In the week ending September 10, the advance figure for seasonally adjusted initial claims was 213,000, a decrease of
5,000 from the previous week’s revised level. The previous week’s level was revised down by 4,000 from 222,000 to
218,000. The 4-week moving average was 224,000, a decrease of 8,000 from the previous week’s revised average. The
previous week’s average was revised down by 1,000 from 233,000 to 232,000.
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 224,000.

The previous week was revised down.

Weekly claims were below the consensus forecast.

Thursday: Retail Sales, Unemployment Claims, Industrial Production, Philly Fed Mfg, NY Fed Mfg

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