by Risk calculated on 05/25/2023 08:35:00
During the week ending May 20, the figure put forward for seasonally adjusted initial claims were 229,000, an increase of 4,000 from the revised level of the previous week. The previous week’s level was revised down by 17,000 from 242,000 to 225,000. The 4-week moving average was at 231,750, unchanged from the revised average of the previous week. The previous week’s average was revised down by 12,500 from 244,250 to 231,750.
The following graph shows the 4-week moving average of weekly requests since 1971.
Click on the graphic to enlarge the image.
The dotted line on the chart represents the current 4-week average. The four-week average of weekly jobless claims remained unchanged at 231,750.
The previous week was revised downwards.
Weekly claims were lower than the consensus forecast.