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Thursday, March 14, 2024

Weekly Initial Unemployment Claims Decrease to 209,000

by Calculated Risk on 3/14/2024 08:30:00 AM

The DOL reported:

In the week ending March 9, the advance figure for seasonally adjusted initial claims was 209,000, a decrease of 1,000 from the previous week's revised level. The previous week's level was revised down by 7,000 from 217,000 to 210,000. The 4-week moving average was 208,000, a decrease of 500 from the previous week's revised average. The previous week's average was revised down by 3,750 from 212,250 to 208,500.
emphasis added
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 208,000.

The previous week was revised down.

Weekly claims were below the consensus forecast.