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Weekly Initial Unemployment Claims increase to 228,000


by Calculated Risk on 10/13/2022 08:36:00 AM

The DOL reported:

In the week ending October 8, the advance figure for seasonally adjusted initial claims was 228,000, an increase of
9,000 from the previous week’s unrevised level of 219,000. The 4-week moving average was 211,500, an increase of
5,000 from the previous week’s unrevised average of 206,500.
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 increased to 211,500.

The previous week was unrevised.

Weekly claims were close to the consensus forecast.

Cost of Living Adjustment increases 8.7% in 2023, Contribution Base increased to $160,200

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