Thursday, February 14, 2019

Weekly Initial Unemployment Claims increased to 239,000

by Calculated Risk on 2/14/2019 09:24:00 AM

The DOL reported:

In the week ending February 9, the advance figure for seasonally adjusted initial claims was 239,000, an increase of 4,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 234,000 to 235,000. The 4-week moving average was 231,750, an increase of 6,750 from the previous week's revised average. This is the highest level for this average since January 27, 2018 when it was 234,000. The previous week's average was revised up by 250 from 224,750 to 225,000.
emphasis added
The previous week was revised up.

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 231,750.

This was higher than the consensus forecast.