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Weekly Initial Unemployment Claims Decrease to 214,000

The DOL reported:

In the week ending January 4, the advance figure for seasonally adjusted initial claims was 214,000, a decrease of 9,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 222,000 to 223,000. The 4-week moving average was 224,000, a decrease of 9,500 from the previous week’s revised average. The previous week’s average was revised up by 250 from 233,250 to 233,500.
emphasis added

The previous week was revised up.

The following graph shows the 4-week moving average of weekly claims since 1971.

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