by Calculated Risk June 13, 2024, 8:30 AM
DOL (Department of Labor) report:
In the week ending June 8, Seasonally adjusted new claims were 242,000.The four-week moving average was 227,000, up 4,750 from the previous week’s unrevised average of 222,250.
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The following chart shows the four-week moving average of weekly unemployment claims since 1971.
Click on the graph to enlarge the image.
The dashed line on the graph is the current four-week average. The four-week average for weekly jobless claims increased to 227,000.
It wasn’t fixed last week.
Weekly claims were well above consensus expectations.
