Economy · August 5, 2022

Initial weekly jobless claims increase to 260,000

from Active calculated risk 8/04/2022 08:37:00

The DOL reports:

In the week ending July 30, the anticipated figure for seasonally adjusted initial claims was 260,000, an increase of 6,000 from the previous week’s revised level. The previous week’s level was revised down by 2,000 from 256,000 to 254,000. The 4-week moving average was 254,750, up 6,000 from the previous week’s revised average. The previous week’s average was revised down by 500, from 249,250 to 248,750.
emphasis added

The chart below shows the 4-week moving average of weekly claims since 1971.

Click on the graphic to enlarge the image.

The dashed line on the graph is the current 4-week average. The four-week average of weekly jobless claims increased to 254,750.

The previous week was revised downwards.

The weekly requests were lower than the consensus forecast.