by Calculated Risk September 5, 2024 8:30 AM
DOL (Department of Labor) Reported:
For the week ending August 31, seasonally adjusted initial jobless claims were 227,000, down 5,000 from the previous week’s revised figure. The previous week’s revised figure was revised up 1,000 to 232,000 from 231,000. The four-week moving average was 230,000, down 1,750 from the previous week’s revised figure. The previous week’s average was revised up 250 to 231,750 from 231,500.
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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 fell to 230,000.
The previous week was revised upwards.
Weekly claims fell short of consensus expectations.
