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Weekly Initial Unemployment Claims Decrease to 269,000

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by Calculated Risk on 11/04/2021 08:33:00 AM

The DOL reported:

In the week ending October 30, the advance figure for seasonally adjusted initial claims was 269,000, a decrease of
14,000 from the previous week’s revised level. This is the lowest level for initial claims since March 14, 2020 when it
was 256,000. The previous week’s level was revised up by 2,000 from 281,000 to 283,000. The 4-week moving average
was 284,750, a decrease of 15,000 from the previous week’s revised average. This is the lowest level for this average
since March 14, 2020 when it was 225,500. The previous week’s average was revised up by 500 from 299,250 to
299,750.
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 284,750.

The previous week was revised up.

Regular state continued claims decreased to 2,105,000 (SA) from 2,239,000 (SA) the previous week.

Weekly claims were below consensus forecast.

Thursday: Unemployment Claims, Trade Deficit

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