by Calculated Risk on 3/16/2023 08:33:00 AM
The DOL reported:
In the week ending March 11, the advance figure for seasonally adjusted initial claims was 192,000, a decrease of
20,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 211,000 to
212,000. The 4-week moving average was 196,500, a decrease of 750 from the previous week’s revised average. The
previous week’s average was revised up by 250 from 197,000 to 197,250.
The following graph shows the 4-week moving average of weekly claims since 1971.
Click on graph for larger image.
The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims decreased to 196,500.
The previous week was revised up.
Weekly claims were below the consensus forecast.