by Calculated Risk May 30, 2024 8:30 AM
DOL (Department of Labor) report:
During the week ending May 25th: Seasonally adjusted new claims were 219,000.The weekly average was 3,000 higher than the previous week’s revised figure. The previous week’s figure was revised upward by 1,000 from 215,000 to 216,000. The four-week moving average was 222,500, up 2,500 from the previous week’s revised figure. The previous week’s average was revised upward by 250 from 219,750 to 220,000.
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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 222,500.
The previous week was revised upwards.
Weekly claims rose close to consensus expectations.
