Thursday, January 16, 2020

Weekly Initial Unemployment Claims Decrease to 204,000

by Calculated Risk on 1/16/2020 08:57:00 AM

The DOL reported:

In the week ending January 11, the advance figure for seasonally adjusted initial claims was 204,000, a decrease of 10,000 from the previous week's unrevised level of 214,000. The 4-week moving average was 216,250, a decrease of 7,750 from the previous week's unrevised average of 224,000.
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 decreased to 216,250.

This was lower than the consensus forecast.