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Thursday, April 18, 2019

Weekly Initial Unemployment Claims decreased to 192,000

by Calculated Risk on 4/18/2019 08:37:00 AM

The DOL reported:

In the week ending April 13, the advance figure for seasonally adjusted initial claims was 192,000, a decrease of 5,000 from the previous week's revised level. This is the lowest level for initial claims since September 6, 1969 when it was 182,000. The previous week's level was revised up by 1,000 from 196,000 to 197,000. The 4-week moving average was 201,250, a decrease of 6,000 from the previous week's revised average. This is the lowest level for this average since November 1, 1969 when it was 200,500. The previous week's average was revised up by 250 from 207,000 to 207,250
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 201,250.

This was below the consensus forecast.