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Weekly Initial Unemployment Claims increase to 211,000


by Calculated Risk on 3/09/2023 08:33:00 AM

The DOL reported:

In the week ending March 4, the advance figure for seasonally adjusted initial claims was 211,000, an increase of 21,000
from the previous week’s unrevised level of 190,000. The 4-week moving average was 197,000, an increase of 4,000
from the previous week’s unrevised average of 193,000.
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 increased to 197,000.

The previous week was unrevised.

Weekly claims were above the consensus forecast.

Trade Deficit increased to $68.3 Billion in January

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