by Calculated Risk August 1, 2024, 8:30 AM
DOL (Department of Labor) report:
Seasonally adjusted initial jobless claims for the week ended July 27 were 249,000, up 14,000 from the previous week’s unrevised level of 235,000. The four-week moving average was 238,000, up 2,500 from the previous week’s unrevised average of 235,500.
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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 238,000.
It wasn’t fixed last week.
Weekly claims beat consensus expectations.
