Thursday, January 23, 2020

Weekly Initial Unemployment Claims Increase to 211,000

by Calculated Risk on 1/23/2020 08:33:00 AM

The DOL reported:

In the week ending January 18, the advance figure for seasonally adjusted initial claims was 211,000, an increase of 6,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 204,000 to 205,000. The 4-week moving average was 213,250, a decrease of 3,250 from the previous week's revised average. The previous week's average was revised up by 250 from 216,250 to 216,500.
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 decreased to 213,250.

This was lower than the consensus forecast.