Weekly Initial Unemployment Claims Increase to 217,000

The DOL reported:

In the week ending October 28, the advance figure for seasonally adjusted initial claims was 217,000, an increase of
5,000 from the previous week’s revised level. The previous week’s level was revised up by 2,000 from 210,000 to
212,000. The 4-week moving average was 210,000, an increase of 2,000 from the previous week’s revised average. The
previous week’s average was revised up by 500 from 207,500 to 208,000.
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 210,000.

The previous week was revised up.

Weekly claims were sligthly higher than the consensus forecast.