Tuesday , January 18 2022
Home / Calculated Risk / Weekly Initial Unemployment Claims Increase to 222,000

Weekly Initial Unemployment Claims Increase to 222,000

Summary:
The DOL reported:In the week ending November 27, the advance figure for seasonally adjusted initial claims was 222,000, an increase of 28,000 from the previous week's revised level. The previous week's level was revised down by 5,000 from 199,000 to 194,000. The 4-week moving average was 238,750, a decrease of 12,250 from the previous week's revised average. This is the lowest level for this average since March 14, 2020 when it was 225,500. The previous week's average was revised down by 1,250 from 252,250 to 251,000emphasis 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 238,750.The previous

Topics:
Calculated Risk considers the following as important:

This could be interesting, too:

Lambert Strether writes Latest Biden Covid Speech Sinks Without a Trace

Marc Chandler writes PBOC Eases, but the Yuan Firms

Lambert Strether writes Links 1/17/2022

Yves Smith writes Unredacted Antitrust Complaint Shows Google’s Ad Business Even Scummier than Many Imagined

The DOL reported:
In the week ending November 27, the advance figure for seasonally adjusted initial claims was 222,000, an increase of 28,000 from the previous week's revised level. The previous week's level was revised down by 5,000 from 199,000 to 194,000. The 4-week moving average was 238,750, a decrease of 12,250 from the previous week's revised average. This is the lowest level for this average since March 14, 2020 when it was 225,500. The previous week's average was revised down by 1,250 from 252,250 to 251,000
emphasis added
The following graph shows the 4-week moving average of weekly claims since 1971.

Weekly Initial Unemployment Claims Increase to 222,000Click 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 238,750.

The previous week was revised down.

Regular state continued claims decreased to 1,956,000 (SA) from 2,063,000 (SA) the previous week.

Weekly claims were well below the consensus forecast.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.