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Thursday, November 21, 2019

Weekly Initial Unemployment Claims at 227,000

by Calculated Risk on 11/21/2019 08:36:00 AM

The DOL reported:

In the week ending November 16, the advance figure for seasonally adjusted initial claims was 227,000, unchanged from the previous week's revised level. The previous week's level was revised up by 2,000 from 225,000 to 227,000. The 4-week moving average was 221,000, an increase of 3,500 from the previous week's revised average. The previous week's average was revised up by 500 from 217,000 to 217,500.
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 increased to 221,000.

This was above the consensus forecast.