Thursday, May 09, 2019

Weekly Initial Unemployment Claims Decrease to 228,000

by Calculated Risk on 5/09/2019 08:34:00 AM

The DOL reported:

In the week ending May 4, the advance figure for seasonally adjusted initial claims was 228,000, a decrease of 2,000 from the previous week's unrevised level of 230,000. The 4-week moving average was 220,250, an increase of 7,750 from the previous week's unrevised average of 212,500.
emphasis added
The previous week was unrevised.

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 220,250.

This was well above the consensus forecast.