by calculated risk May 16, 2024 08:30:00 AM
dollar report:
Preliminary statistics for the week ending May 11th are: Initial seasonally adjusted claims were 222,000, a decrease of 10,000 cases from the previous week’s revised value. Last week’s level was revised upward by 1,000 cases, from 231,000 to 232,000. The four-week moving average was 217,750, an increase of 2,500 from the previous week’s revised average. Last week’s average was revised upward by 250 people, from 215,000 to 215,250.
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 claims rose to 217,750.
Last week’s figure was revised upward.
Weekly claims were in line with consensus expectations.
