Latest News

Weekly Initial Unemployment Claims decrease to 232,000


by Calculated Risk on 9/01/2022 08:38:00 AM

The DOL reported:

In the week ending August 27, the advance figure for seasonally adjusted initial claims was 232,000, a decrease of 5,000
from the previous week’s revised level. The previous week’s level was revised down by 6,000 from 243,000 to 237,000.
The 4-week moving average was 241,500, a decrease of 4,000 from the previous week’s revised average. The previous
week’s average was revised down by 1,500 from 247,000 to 245,500.
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 241,500.

The previous week was revised down.

Weekly claims were below the consensus forecast.

Thursday: Unemployment Claims, ISM Mfg, Construction Spending, Vehicle Sales

Previous article

Cat and Mouse Game

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News