by Calculated Risk September 12, 2024, 8:30 AM
DOL (Department of Labor) Reported:
In the week ending September 7th: Seasonally adjusted new claims were 230,000.The weekly average was 2,000 higher than the previous week’s revised figure. The previous week’s figure was revised upward by 1,000 from 227,000 to 228,000. The four-week moving average was 230,750, 500 higher than the previous week’s revised figure. The previous week’s average was revised upward by 250 from 230,000 to 230,250.
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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 230,750.
The previous week was revised upwards.
Weekly claims beat consensus expectations.
