by Calculated Risk on 4/20/2023 08:33:00 AM

The DOL reported:

In the week ending April 15, the advance figure for seasonally adjusted initial claims was 245,000, an increase of 5,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 239,000 to 240,000. The 4-week moving average was 239,750, a decrease of 500 from the previous week's revised average. The previous week's average was revised up by 250 from 240,000 to 240,250.
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 decreased to 239,750.

The previous week was revised up.

Weekly claims were above the consensus forecast.