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Weekly Initial Unemployment Claims Decrease to 232,000

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by Calculated Risk on 2/24/2022 08:36:00 AM

The DOL reported:

In the week ending February 19, the advance figure for seasonally adjusted initial claims was 232,000, a decrease of
17,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 248,000 to
249,000. The 4-week moving average was 236,250, a decrease of 7,250 from the previous week’s revised average. The
previous week’s average was revised up by 250 from 243,250 to 243,500.
emphasis added

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 236,250.

The previous week was revised up.

Weekly claims were close to the consensus forecast.

Q4 GDP Growth Revised up to 7.0% Annual Rate

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