2018 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

Jobless Claims  
Released On 2/15/2018 8:30:00 AM For wk2/10, 2018
PriorPrior RevisedConsensusConsensus RangeActual
New Claims - Level221 K223 K229 K225 K to 230 K230 K
4-week Moving Average - Level224.50 K225.00 K228.50 K
New Claims - Change-9 K-7 K7 K

Claims remain near historic lows consistent with strong demand for labor. Initial claims came in at 230,000 for the February 10 week with the 4-week average at 228,500. These levels are roughly 15,000 lower than they were at this time last month in a comparison that points to strength for the February employment report.

Continuing claims, in lagging data for the February 3 week, rose 15,000 to a still very low 1.942 million. This 4-week average is down 6,000 to 1.941 million with the unemployment rate for insured workers holding at only 1.4 percent. There are no special factors in today's report.

Consensus Outlook
Initial claims are expected to come in at 229,000 in the February 10 week compared to 221,000 in the January 27 week when the 4-week average, at 224,500, hit a 45-year low. Low levels of claims are consistent with minimal layoffs and strong demand for labor.

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

powered by  [Econoday]