by Calculated Risk on 3/03/2022 08:35:00 AM

The DOL reported:

In the week ending February 26, the advance figure for seasonally adjusted initial claims was 215,000, a decrease of 18,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 232,000 to 233,000. The 4-week moving average was 230,500, a decrease of 6,000 from the previous week's revised average. The previous week's average was revised up by 250 from 236,250 to 236,500.
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 230,500.

The previous week was revised up.

Weekly claims were lower than the consensus forecast.