by Calculated Risk July 3, 2024 8:30 AM
DOL (Department of Labor) report:
The preliminary figures for the week ending June 29th are: Seasonally adjusted new claims were 238,000.The four-week moving average was 238,500, up 2,250 from the previous week’s revised figure. The previous week’s average was revised upward by 250 from 236,000 to 236,250.
Add emphasis
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 238,500.
The previous week was revised upwards.
Weekly claims beat consensus expectations.
