by Calculated Risk on 4/07/2022 08:38:00 AM
The DOL reported:
from the previous week’s revised level. The previous week’s level was revised down by 31,000 from 202,000 to 171,000.
The 4-week moving average was 170,000, a decrease of 8,000 from the previous week’s revised average. The previous
week’s average was revised down by 30,500 from 208,500 to 178,000.
The following graph shows the 4-week moving average of weekly claims since 1971.
The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims decreased to 170,000.
The previous week was revised down (there was a significant change to seasonal adjustment factors).
Weekly claims were well below the consensus forecast.