by Calculated Risk on 7/25/2024 08:33:00 AM
Thursday, July 25, 2024
Weekly Initial Unemployment Claims Decrease to 235,000
The DOL reported:
In the week ending July 20, the advance figure for seasonally adjusted initial claims was 235,000, a decrease of 10,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 243,000 to 245,000. The 4-week moving average was 235,500, an increase of 250 from the previous week's revised average. The previous week's average was revised up by 500 from 234,750 to 235,250.The following graph shows the 4-week moving average of weekly claims since 1971.
emphasis added
The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims increased to 235,500.
The previous week was revised up.
Weekly claims were slightly lower than the consensus forecast.