by Calculated Risk on 3/07/2019 08:32:00 AM

The DOL reported:

In the week ending March 2, the advance figure for seasonally adjusted initial claims was 223,000, a decrease of 3,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 225,000 to 226,000. The 4-week moving average was 226,250, a decrease of 3,000 from the previous week's revised average. The previous week's average was revised up by 250 from 229,000 to 229,250.
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 226,250.

This was close to the consensus forecast.