Weekly Initial Unemployment Claims Decrease to 217,000

by Calculated Risk on 11/09/2023 08:30:00 AM

The DOL reported:

In the week ending November 4, the advance figure for seasonally adjusted initial claims was 217,000, a decrease of
3,000 from the previous week’s revised level. The previous week’s level was revised up by 3,000 from 217,000 to
220,000. The 4-week moving average was 212,250, an increase of 1,500 from the previous week’s revised average. The
previous week’s average was revised up by 750 from 210,000 to 210,750.
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 increased to 212,250.

The previous week was revised up.

Weekly claims were sligthly lower than the consensus forecast.

Mike Ibanoz

Mike Ibanoz is an Emmy Award-winning journalist who has spent the better part of two decades covering gadgets and apps, and helping people make smarter tech decisions.

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