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Weekly Initial Unemployment Claims increase to 225,000


The DOL reported:
In the week ending December 24, the advance figure for seasonally adjusted initial claims was 225,000, an increase of 9,000 from the previous week’s unrevised level of 216,000. The 4-week moving average was 221,000, a decrease of 250 from the previous week’s revised average. The previous week’s average was revised down by 500 from 221,750 to 221,250.
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 decreased to 221,000.

The previous week was unrevised.

Weekly claims were close to the consensus forecast.

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