Weekly Initial Unemployment Claims increased to 229,000

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The DOL reported:

In the week ending March 9, the advance figure for seasonally adjusted initial claims was 229,000, an increase of 6,000 from the previous week’s unrevised level of 223,000. The 4-week moving average was 223,750, a decrease of 2,500 from the previous week’s unrevised average of 226,250.
emphasis added

The previous week was unrevised.

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 223,750.

This was slightly above to the consensus forecast.

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