by Calculated Risk on 4/21/2022 08:34:00 AM

The DOL reported:

In the week ending April 16, the advance figure for seasonally adjusted initial claims was 184,000, a decrease of 2,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 185,000 to 186,000. The 4-week moving average was 177,250, an increase of 4,500 from the previous week's revised average. The previous week's average was revised up by 500 from 172,250 to 172,750.
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 177,250.

The previous week was revised up.

Weekly claims were close to the consensus forecast.