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Weekly Initial Unemployment Claims Decrease to 184,000

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by Calculated Risk on 12/09/2021 08:34:00 AM

The DOL reported:

In the week ending December 4, the advance figure for seasonally adjusted initial claims was 184,000, a decrease of
43,000 from the previous week’s revised level. This is the lowest level for initial claims since September 6, 1969 when it
was 182,000. The previous week’s level was revised up by 5,000 from 222,000 to 227,000. The 4-week moving average
was 218,750, a decrease of 21,250 from the previous week’s revised average. This is the lowest level for this average
since March 7, 2020 when it was 215,250. The previous week’s average was revised up by 1,250 from 238,750 to
240,000.
emphasis added

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

Click on graph for larger image.

The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims decreased to 218,750.

The previous week was revised up.

Regular state continued claims increased to 1,992,000 (SA) from 1,954,000 (SA) the previous week.

Weekly claims were well below the consensus forecast.

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