In the week ending October 12, the advance figure for seasonally adjusted initial claims was 241,000, a decrease of
19,000 from the previous week’s revised level. The previous week’s level was revised up by 2,000 from 258,000 to
260,000. The 4-week moving average was 236,250, an increase of 4,750 from the previous week’s revised average. The
previous week’s average was revised up by 500 from 231,000 to 231,500.
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 increased to 236,250.
The previous week was revised up.
Weekly claims were below the consensus forecast.