Weekly Initial Unemployment Claims Increase to 231,000

by Calculated Risk on 11/16/2023 08:30:00 AM

The DOL reported:

In the week ending November 11, the advance figure for seasonally adjusted initial claims was 231,000, an increase of
13,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 217,000 to
218,000. The 4-week moving average was 220,250, an increase of 7,750 from the previous week’s revised average. The
previous week’s average was revised up by 250 from 212,250 to 212,500.
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 increased to 220,250.

The previous week was revised up.

Weekly claims were higher than the consensus forecast.