by Calculated Risk on 4/14/2022 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 166,000 to 167,000. The
4-week moving average was 172,250, an increase of 2,000 from the previous week’s revised average. The previous
week’s average was revised up by 250 from 170,000 to 170,250.
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 up.
Weekly claims were well above the consensus forecast.