by Calculated Risk on 11/10/2022 08:38:00 AM
The DOL reported:
7,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 217,000 to
218,000. The 4-week moving average was 218,750, a decrease of 250 from the previous week’s revised average. The
previous week’s average was revised up by 250 from 218,750 to 219,000.
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 decreased to 218,750.
The previous week was revised up.
Weekly claims were above the consensus forecast.