by Calculated Risk on 6/02/2022 08:34:00 AM
The DOL reported:
from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 210,000 to 211,000. The
4-week moving average was 206,500, a decrease of 500 from the previous week’s revised average. The previous week’s
average was revised up by 250 from 206,750 to 207,000.
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 206,500.
The previous week was revised up.
Weekly claims were lower than the consensus forecast.