by Calculated Risk on 11/18/2021 08:34:00 AM
The DOL reported:
1,000 from the previous week’s revised level. This is the lowest level for initial claims since March 14, 2020 when it was
256,000. The previous week’s level was revised up by 2,000 from 267,000 to 269,000. The 4-week moving average was
272,750, a decrease of 5,750 from the previous week’s revised average. This is the lowest level for this average since
March 14, 2020 when it was 225,500. The previous week’s average was revised up by 500 from 278,000 to 278,500.
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 decreased to 272,750.
The previous week was revised up.
Regular state continued claims decreased to 2,080,000 (SA) from 2,209,000 (SA) the previous week.
Weekly claims were above consensus forecast.