Initial weekly jobless claims at 256,000

by Calculated risk on 07/28/2022 08:34:00 AM

The Ministry of Labor stated:

In the week ending July 23, the pre-number of s . wasEasily adjusted initial claims were 256,000, down 5,000 from the previous week’s revised level. The previous week’s level was revised up by 10,000 from 251,000 to 261,000. The 4-week moving average was 249,250, an increase of 6,250 over the previous week’s revised average. The previous week’s average was revised upwards by 2,500, from 240,500 to 243,000.
Confirmations added

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

Click on the chart for a larger picture.

The dashed line on the chart is the current 4-week average. The four-week average weekly jobless claims rose to 249,250.

The previous week was adjusted upwards.

Weekly claims were higher than expectations.

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