by Calculated Risk July 18, 2024 8:30 AM
DOL (Department of Labor) report:
In the week ending July 13th: The seasonally adjusted number of new claims was 243,000.The number of new cases increased by 20,000 from the previous week’s revised figure. The previous week’s figure was revised upward by 1,000 from 222,000 to 223,000. The four-week moving average was 234,750, up 1,000 from the previous week’s revised figure. The previous week’s average was revised upward by 250 from 233,500 to 233,750.
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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 234,750.
The previous week was revised upwards.
Weekly claims beat consensus expectations.
