by Calculated Risk on 1/27/2022 08:33:00 AM
The DOL reported:
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 247,000.
The previous week was revised up.
Weekly claims were close to the consensus forecast, and are elevated likely due to the current COVID wave.
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