by Calculated Risk July 25, 2024 8:33 AM
DOL (Department of Labor) report:
In the week ending July 20th: Seasonally adjusted new claims were 235,000.The number of new cases was 10,000 lower than the previous week’s revised figure. The previous week’s figure was revised upward by 2,000, from 243,000 to 245,000. The four-week moving average was 235,500, up 250 from the previous week’s revised figure. The previous week’s average was revised upward by 500, from 234,750 to 235,250.
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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 235,500.
The previous week was revised upwards.
Weekly claims were slightly below consensus expectations.
