By by Calculated Risk on 3/17/2022 08:33:00 AM
The DOL reported:
In the week ending March 12, the advance figure for seasonally adjusted initial claims was 214,000, a decrease of
15,000 from the previous week’s revised level. The previous week’s level was revised up by 2,000 from 227,000 to
229,000. The 4-week moving average was 223,000, a decrease of 8,750 from the previous week’s revised average. The
previous week’s average was revised up by 500 from 231,250 to 231,750.
emphasis added
15,000 from the previous week’s revised level. The previous week’s level was revised up by 2,000 from 227,000 to
229,000. The 4-week moving average was 223,000, a decrease of 8,750 from the previous week’s revised average. The
previous week’s average was revised up by 500 from 231,250 to 231,750.
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 223,000.
The previous week was revised up.
Weekly claims were lower than the consensus forecast.
What's your reaction?
Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0
