Weekly Initial Unemployment Claims Increase to 230,000

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by Calculated Risk on 1/13/2022 08:34:00 AM

The DOL reported:

In the week ending January 8, the advance figure for seasonally adjusted initial claims was 230,000, an increase of
23,000 from the previous week’s unrevised level of 207,000. The 4-week moving average was 210,750, an increase of
6,250 from the previous week’s unrevised average of 204,500.
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 210,750.

The previous week was unrevised.

Weekly claims were above the consensus forecast, perhaps due to the current COVID wave.

This article appeared firshere

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