by calculated risk October 17, 2024 08:45:00 AM
dollar reported:
Advance figures for the week ending October 12 are: Initial seasonally adjusted claims were 241,000a decrease of 19,000 cases from the previous week’s revised figure. The previous week’s level was revised upward by 2,000, from 258,000 to 260,000. The four-week moving average was 236,250, an increase of 4,750 from the previous week’s revised average. Last week’s average was revised upward by 500 people, from 231,000 to 231,500.
Emphasis added
The following graph shows the four-week moving average of weekly claims since 1971.
Click on the graph to see a larger image.
The dashed line on the graph is the current four-week average. The four-week average of weekly unemployment insurance claims rose to 236,250.
Last week’s figure was revised upward.
Weekly filings were below consensus expectations.
The increase over the past two weeks is partially related to the hurricane.
