by Calculated Risk on 8/04/2022 08:37:00 AM
The DOL reported:
from the previous week’s revised level. The previous week’s level was revised down by 2,000 from 256,000 to 254,000.
The 4-week moving average was 254,750, an increase of 6,000 from the previous week’s revised average. The previous
week’s average was revised down by 500 from 249,250 to 248,750.
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 increased to 254,750.
The previous week was revised down.
Weekly claims were lower than the consensus forecast.