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Thursday, March 05, 2020

Weekly Initial Unemployment Claims Decrease to 216,000

by Calculated Risk on 3/05/2020 08:32:00 AM

The DOL reported:

In the week ending February 29, the advance figure for seasonally adjusted initial claims was 216,000, a decrease of 3,000 from the previous week's unrevised level of 219,000. The 4-week moving average was 213,000, an increase of 3,250 from the previous week's unrevised average of 209,750.
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 213,000.

This was lower than the consensus forecast.