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    Weekly Preliminary Unemployment Claims Improve to 242,000

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    by Calculated Threat on 12/12/2024 08:30:00 AM

    The DOL reported:

    Within the week ending December 7, the advance determine for seasonally adjusted preliminary claims was 242,000, a rise of
    17,000 from the earlier week’s revised stage. The earlier week’s stage was revised up by 1,000 from 224,000 to
    225,000. The 4-week transferring common was 224,250, a rise of 5,750 from the earlier week’s revised common. The
    earlier week’s common was revised up by 250 from 218,250 to 218,500.
    emphasis added

    The next graph exhibits the 4-week transferring common of weekly claims since 1971.

    Click on on graph for bigger picture.

    The dashed line on the graph is the present 4-week common. The four-week common of weekly unemployment claims elevated to 224,250.

    The earlier week was revised up.

    Weekly claims have been above the consensus forecast.

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