by calculated risk 5/09/2024 08:30:00 AM
dollar report:
Preliminary statistics for the week ending May 4th are: Initial seasonally adjusted claims were 231,000, an increase of 22,000 cases from the previous week’s revised figure. Last week’s level was revised upward by 1,000 cases, from 208,000 to 209,000. The four-week moving average was 215,000, an increase of 4,750 from the previous week’s revised average. The previous week’s average was revised upward by 250 people, from 210,000 to 210,250.
Emphasis added
The following graph shows the four-week moving average of weekly claims since 1971.
Click on the graph to see a larger image.
The dashed line on the graph is the current four-week average. The four-week average of weekly unemployment claims rose to 215,000.
Last week’s figure was revised upward.
Weekly filings were significantly higher than consensus expectations.
