by Calculated Threat on 10/17/2024 08:45:00 AM
The DOL reported:
Within the week ending October 12, the advance determine for seasonally adjusted preliminary claims was 241,000, a lower of
19,000 from the earlier week’s revised stage. The earlier week’s stage was revised up by 2,000 from 258,000 to
260,000. The 4-week transferring common was 236,250, a rise of 4,750 from the earlier week’s revised common. The
earlier week’s common was revised up by 500 from 231,000 to 231,500.
emphasis added
The next graph reveals the 4-week transferring common of weekly claims since 1971.
Click on on graph for bigger picture.
The dashed line on the graph is the present 4-week common. The four-week common of weekly unemployment claims elevated to 236,250.
The earlier week was revised up.
Weekly claims had been under the consensus forecast.
The rise during the last two weeks is partially hurricane associated.
