by Calculated Risk on 2/17/2022 10:30:00 AM
The DOL reported:
23,000 from the previous week’s revised level. The previous week’s level was revised up by 2,000 from 223,000 to
225,000. The 4-week moving average was 243,250, a decrease of 10,500 from the previous week’s revised average. The
previous week’s average was revised up by 500 from 253,250 to 253,750.
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 decreased to 243,250.
The previous week was revised up.
Weekly claims were higher than the consensus forecast.