by Calculated Risk on 3/02/2023 08:35:00 AM
The DOL reported:
In the week ending February 25, the advance figure for seasonally adjusted initial claims was 190,000, a decrease of
2,000 from the previous week’s unrevised level of 192,000. The 4-week moving average was 193,000, an increase of
1,750 from the previous week’s unrevised average of 191,250.
The following graph shows the 4-week moving average of weekly claims since 1971.
The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims increased to 193,000.
The previous week was unrevised.
Weekly claims were below the consensus forecast.