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Thursday, February 28, 2019

Weekly Initial Unemployment Claims increased to 225,000

by Calculated Risk on 2/28/2019 08:40:00 AM

The DOL reported:

In the week ending February 23, the advance figure for seasonally adjusted initial claims was 225,000, an increase of 8,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 216,000 to 217,000. The 4-week moving average was 229,000, a decrease of 7,000 from the previous week's revised average. The previous week's average was revised up by 250 from 235,750 to 236,000.
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 decreased to 229,000.

This was at the consensus forecast.