by Calculated Risk on 10/05/2023 08:30:00 AM

The DOL reported:

In the week ending September 30, the advance figure for seasonally adjusted initial claims was 207,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 204,000 to 205,000. The 4-week moving average was 208,750, a decrease of 2,500 from the previous week's revised average. The previous week's average was revised up by 250 from 211,000 to 211,250.
emphasis added

The 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 208,750.

The previous week was revised up.

Weekly claims were close to the consensus forecast.