by Calculated Risk on 9/08/2022 08:33:00 AM
The DOL reported:
In the week ending September 3, the advance figure for seasonally adjusted initial claims was 222,000, a decrease of
6,000 from the previous week’s revised level. The previous week’s level was revised down by 4,000 from 232,000 to
228,000. The 4-week moving average was 233,000, a decrease of 7,500 from the previous week’s revised average. The
previous week’s average was revised down by 1,000 from 241,500 to 240,500.
emphasis added
6,000 from the previous week’s revised level. The previous week’s level was revised down by 4,000 from 232,000 to
228,000. The 4-week moving average was 233,000, a decrease of 7,500 from the previous week’s revised average. The
previous week’s average was revised down by 1,000 from 241,500 to 240,500.
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 233,000.
The previous week was revised down.
Weekly claims were below the consensus forecast.
