by Calculated Risk June 6, 2024 8:30 AM
DOL (Department of Labor) report:
The preliminary figures for the week ending June 1 are: Seasonally adjusted new claims were 229,000.The number of cases increased by 8,000 from the previous week’s revised figure. The previous week’s figure was revised upward by 2,000 from 219,000 to 221,000. The four-week moving average was 222,250, down 750 from the previous week’s revised figure. The previous week’s average was revised upward by 500 from 222,500 to 223,000.
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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 fell to 222,250.
The previous week was revised upwards.
Weekly claims beat consensus expectations.
