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Weekly Initial Unemployment Claims at 264,000


The DOL reported:

In the week ending June 17, the advance figure for seasonally adjusted initial claims was 264,000, unchanged from the
previous week’s revised level. The previous week’s level was revised up by 2,000 from 262,000 to 264,000. The 4-week
moving average was 255,750, an increase of 8,500 from the previous week’s revised average. This is the highest level for
this average since November 13, 2021 when it was 260,000. The previous week’s average was revised up by 500 from
246,750 to 247,250.
emphasis addedThe 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 increased to 255,750.

The previous week was revised up.

Weekly claims were close to the consensus forecast.

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