Thursday, October 17, 2019

Weekly Initial Unemployment Claims increased to 214,000

by Calculated Risk on 10/17/2019 08:33:00 AM

The DOL reported:

In the week ending October 12, the advance figure for seasonally adjusted initial claims was 214,000, an increase of 4,000 from the previous week's unrevised level of 210,000. The 4-week moving average was 214,750, an increase of 1,000 from the previous week's unrevised average of 213,750.
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 214,750.

This was close to the consensus forecast.