by Calculated Risk on 9/15/2022 08:32:00 AM
The DOL reported:
5,000 from the previous week’s revised level. The previous week’s level was revised down by 4,000 from 222,000 to
218,000. The 4-week moving average was 224,000, a decrease of 8,000 from the previous week’s revised average. The
previous week’s average was revised down by 1,000 from 233,000 to 232,000.
The following graph shows the 4-week moving average of weekly claims since 1971.
The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims decreased to 224,000.
The previous week was revised down.
Weekly claims were below the consensus forecast.