By Weekly Initial Unemployment Claims Decrease to 223,000
by Calculated Risk on 2/10/2022 08:40:00 AM
The DOL reported:
In the week ending February 5, the advance figure for seasonally adjusted initial claims was 223,000, a decrease of 16,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 238,000 to 239,000. The 4-week moving average was 253,250, a decrease of 2,000 from the previous week’s revised average. The previous week’s average was revised up by 250 from 255,000 to 255,250.
emphasis added
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 253,250.
The previous week was revised up.
Weekly claims were lower than the consensus forecast.
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