by Calculated Risk on 8/18/2022 08:34:00 AM
The DOL reported:
from the previous week’s revised level. The previous week’s level was revised down by 10,000 from 262,000 to 252,000.
The 4-week moving average was 246,750, a decrease of 2,750 from the previous week’s revised average. The previous
week’s average was revised down by 2,500 from 252,000 to 249,500.
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 246,750.
The previous week was revised down.
Weekly claims were below the consensus forecast.