The DOL reported:
In the week ending September 16, the advance figure for seasonally adjusted initial claims was 201,000, a decrease of
20,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 220,000 to
221,000. The 4-week moving average was 217,000, a decrease of 7,750 from the previous week’s revised average. The
previous week’s average was revised up by 250 from 224,500 to 224,750.
emphasis addedThe 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 217,000.
The previous week was revised up.
Weekly claims were lower than the consensus forecast.