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Weekly Initial Unemployment Claims decrease to 214,000

by Calculated Risk on 10/20/2022 08:33:00 AM

The DOL reported:

In the week ending October 15, the advance figure for seasonally adjusted initial claims was 214,000, a decrease of
12,000 from the previous week’s revised level. The previous week’s level was revised down by 2,000 from 228,000 to
226,000. The 4-week moving average was 212,250, an increase of 1,250 from the previous week’s revised average. The
previous week’s average was revised down by 500 from 211,500 to 211,000.
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 increased to 212,250.

The previous week was revised down.

Weekly claims were lower than the consensus forecast.

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