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Thursday, January 09, 2025

Weekly Initial Unemployment Claims Decrease to 201,000

by Calculated Risk on 1/09/2025 08:30:00 AM

This was released yesterday (due to National Day of Mourning). The DOL reported:

In the week ending January 4, the advance figure for seasonally adjusted initial claims was 201,000, a decrease of 10,000 from the previous week's unrevised level of 211,000. The 4-week moving average was 213,000, a decrease of 10,250 from the previous week's unrevised average of 223,250.
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 213,000.

The previous week was unrevised

Weekly claims were lower than the consensus forecast.