In the week ending February 24, the advance figure for seasonally adjusted initial claims was 215,000, an increase of
13,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 201,000 to
202,000. The 4-week moving average was 212,500, a decrease of 3,000 from the previous week’s revised average. The
previous week’s average was revised up by 250 from 215,250 to 215,500.
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 212,500.
The previous week was revised up.
Weekly claims were above the consensus forecast.