by Calculated Risk September 19, 2024 8:30 AM
DOL (Department of Labor) Reported:
In the week ending September 14th: Seasonally adjusted new claims were 219,000.The number of cases was down 12,000 from the previous week’s revised figure. The previous week’s number was revised upward by 1,000 from 230,000 to 231,000. The four-week moving average was 227,500, down 3,500 from the previous week’s revised figure. The previous week’s average was revised upward by 250 from 230,750 to 231,000.
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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 fell short of consensus expectations.
