Thursday, November 07, 2019

Weekly Initial Unemployment Claims decreased to 211,000

by Calculated Risk on 11/07/2019 08:41:00 AM

The DOL reported:

In the week ending November 2, the advance figure for seasonally adjusted initial claims was 211,000, a decrease of 8,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 218,000 to 219,000. The 4-week moving average was 215,250, an increase of 250 from the previous week's revised average. The previous week's average was revised up by 250 from 214,750 to 215,000.
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 215,250.

This was lower than the consensus forecast.