The DOL reported:
In the week ending September 9, the advance figure for seasonally adjusted initial claims was 220,000, an increase of
3,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 216,000 to
217,000. The 4-week moving average was 224,500, a decrease of 5,000 from the previous week’s revised average. The
previous week’s average was revised up by 250 from 229,250 to 229,500.
emphasis addedThe 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 224,500.
The previous week was revised up.
Weekly claims were higher than the consensus forecast.