by Calculated Risk August 15, 2024 8:30 AM
DOL (Department of Labor) Reported:
In the week ending August 10, Seasonally adjusted new claims were 227,000.The weekly average was 7,000 cases lower than the previous week’s revised figure. The previous week’s average was revised upward by 1,000 cases to 234,000 from 233,000. The four-week moving average was 236,500 cases, down 4,500 cases from the previous week’s revised figure. The previous week’s average was revised upward by 250 cases to 241,000 from 240,750.
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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 fell to 236,500.
The previous week was revised upwards.
Weekly claims fell short of consensus expectations.
