The DOL reported:
In the week ending August 30, the advance figure for seasonally adjusted initial claims was 237,000, an increase of
8,000 from the previous week’s unrevised level of 229,000. The 4-week moving average was 231,000, an increase of
2,500 from the previous week’s unrevised average of 228,500.
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 231,000.
The previous week was unrevised.
Weekly claims were above the consensus forecast.