2017 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

Jobless Claims  
Released On 3/30/2017 8:30:00 AM For wk3/25, 2017
PriorConsensusConsensus Range
New Claims - Level258 K247 K243 K to 255 K
4-week Moving Average - Level240.00 K
New Claims - Change15 K

Recent History Of This Indicator
The trend for jobless claims has been clouded by a correction to prior data, one tied to seasonal adjustments and which has lifted levels of recent readings. Claims in the March 18 week have been revised 3,000 higher to 261,000 with the weekly increase at a sizable 15,000. Forecasters see initial claims in the March 25 week falling back to trend, down 14,000 to 247,000.

Definition
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
 
[Chart]
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
 
 

powered by  [Econoday]