by Calculated Risk on 5/19/2022 08:33:00 AM

The DOL reported:

In the week ending May 14, the advance figure for seasonally adjusted initial claims was 218,000, an increase of 21,000 from the previous week's revised level. The previous week's level was revised down by 6,000 from 203,000 to 197,000. The 4-week moving average was 199,500, an increase of 8,250 from the previous week's revised average. The previous week's average was revised down by 1,500 from 192,750 to 191,250.
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 199,500.

The previous week was revised down.

Weekly claims were higher than the consensus forecast.