2017 Economic Calendar
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Jobless Claims  
Released On 3/16/2017 8:30:00 AM For wk3/11, 2017
PriorConsensusConsensus RangeActual
New Claims - Level243 K240 K240 K to 250 K241 K
4-week Moving Average - Level236.50 K237.25 K
New Claims - Change20 K-2 K

Conditions in the labor market remain strong and stable as initial jobless claims are holding at trend, down 2,000 in the March 11 week to 241,000. The 4-week average, little changed at 237,250, is down nearly 10,000 from mid-February in what offers a favorable signal for the March employment report.

Continuing claims are also very favorable, down 30,000 in lagging data for the March 4 week with this 4-week average down 12,000 to 2.054 million. The average is down 27,000 from early February in another positive indication of ongoing health.

There are no special factors in today's report. Next week's report will include annual revisions.

Consensus Outlook
Both initial and continuing claims have been remarkably very low and favorable with the consensus for initial claims in the March 11 week at 240,000 vs 243,000 in the prior week.

New unemployment claims are compiled weekly to show the number of individuals who filed for unemployment insurance for the first time. An increasing (decreasing) trend suggests a deteriorating (improving) labor market. The four-week moving average of new claims smooths out weekly volatility.  Why Investors Care
Weekly series fluctuate more dramatically than monthly series even when the series are adjusted for seasonal variation. The 4-week moving average gives a better perspective on the underlying trend.
Data Source: Haver Analytics

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