By admin
by Calculated Risk on 3/03/2022 08:35:00 AM
The DOL reported:
In the week ending February 26, the advance figure for seasonally adjusted initial claims was 215,000, a decrease of
18,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 232,000 to
233,000. The 4-week moving average was 230,500, a decrease of 6,000 from the previous week’s revised average. The
previous week’s average was revised up by 250 from 236,250 to 236,500.
emphasis added
18,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 232,000 to
233,000. The 4-week moving average was 230,500, a decrease of 6,000 from the previous week’s revised average. The
previous week’s average was revised up by 250 from 236,250 to 236,500.
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 230,500.
The previous week was revised up.
Weekly claims were lower than the consensus forecast.
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