The DOL reported:
In the week ending February 19, the advance figure for seasonally adjusted initial claims was 232,000, a decrease of 17,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 248,000 to 249,000. The 4-week moving average was 236,250, a decrease of 7,250 from the previous week’s revised average. The previous week’s average was revised up by 250 from 243,250 to 243,500.
The following graph shows the 4-week moving average of weekly claims since 1971.
The dashed line on the graph is the current 4-week average. The four-week average of weekly unemployment claims decreased to 236,250.
The previous week was revised up.
Weekly claims were close to the consensus forecast.