In the week ending April 4, the advance figure for seasonally adjusted initial claims was 6,606,000 , a decrease of 261,000 from the previous week’s revised level. The previous week’s level was revised up by 219,000 from 6,648,000 to 6,867,000 . The 4-week moving average was 4,265,500, an increase of 1,598,750 from the previous week’s revised average. The previous week’s average was revised up by 54,750 from 2,612,000 to 2,666,750.
emphasis added The previous week was revised up.
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 increased to 4,265,500.
This was higher than the consensus forecast.The second graph shows seasonally adjust continued claims since 1967 (lags initial by one week while […]