by Calculated Risk on 3/28/2019 08:37:00 AM

The DOL reported:

In the week ending March 23, the advance figure for seasonally adjusted initial claims was 211,000, a decrease of 5,000 from the previous week's revised level. The previous week's level was revised down by 5,000 from 221,000 to 216,000. The 4-week moving average was 217,250, a decrease of 3,250 from the previous week's revised average. The previous week's average was revised down by 4,500 from 225,000 to 220,500.
emphasis added

The previous week was revised down.

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 217,250.

This was below the consensus forecast.