by Calculated Risk on 2/23/2023 08:34:00 AM

The DOL reported:

In the week ending February 18, the advance figure for seasonally adjusted initial claims was 192,000, a decrease of 3,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 194,000 to 195,000. The 4-week moving average was 191,250, an increase of 1,500 from the previous week's revised average. The previous week's average was revised up by 250 from 189,500 to 189,750.
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 increased to 191,250.

The previous week was revised up.

Weekly claims were below the consensus forecast.