Thursday, May 16, 2019

Weekly Initial Unemployment Claims Decrease to 212,000

by Calculated Risk on 5/16/2019 08:33:00 AM

The DOL reported:

In the week ending May 11, the advance figure for seasonally adjusted initial claims was 212,000, a decrease of 16,000 from the previous week's unrevised level of 228,000. The 4-week moving average was 225,000, an increase of 4,750 from the previous week's unrevised average of 220,250.
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 225,000.

This was below the consensus forecast.