by Calculated Risk on 7/18/2024 08:30:00 AM

The DOL reported:

In the week ending July 13, the advance figure for seasonally adjusted initial claims was 243,000, an increase of 20,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 222,000 to 223,000. The 4-week moving average was 234,750, an increase of 1,000 from the previous week's revised average. The previous week's average was revised up by 250 from 233,500 to 233,750.
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 234,750.

The previous week was revised up.

Weekly claims were higher than the consensus forecast.