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Weekly Initial Unemployment Claims at 262,000


The DOL reported:

In the week ending June 10, the advance figure for seasonally adjusted initial claims was 262,000, unchanged from the
previous week’s revised level. The previous week’s level was revised up by 1,000 from 261,000 to 262,000. The 4-week
moving average was 246,750, an increase of 9,250 from the previous week’s revised average. This is the highest level for
this average since November 20, 2021 when it was 249,250. The previous week’s average was revised up by 250 from
237,250 to 237,500.
emphasis addedThe 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 was increased to 246,750.

The previous week was revised up.

Weekly claims were close to the consensus forecast.

Thursday: Retail Sales, Unemployment Claims, NY and Philly Fed Mfg, Industrial Production

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