by Calculated Risk on 12/16/2021 08:45:00 AM
The DOL reported:
In the week ending December 11, the advance figure for seasonally adjusted initial claims was 206,000, an increase of 18,000 from the previous week’s revised level. The previous week’s level was revised up by 4,000 from 184,000 to 188,000. The 4-week moving average was 203,750, a decrease of 16,000 from the previous week’s revised average. This is the lowest level for this average since November 15, 1969 when it was 202,750. The previous week’s average was revised up by 1,000 from 218,750 to 219,750.
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 203,750.
The previous week was revised up.
Regular state continued claims decreased to 1,845,000 (SA) from 1,999,000 (SA) the previous week.
Weekly claims were sligthly above the consensus forecast.