2018 Economic Calendar
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Jobless Claims  
Released On 3/15/2018 8:30:00 AM For wk3/10, 2018
PriorPrior RevisedConsensusConsensus RangeActual
New Claims - Level231 K230 K229 K225 K to 235 K226 K
4-week Moving Average - Level222.50 K222.25 K221.50 K
New Claims - Change21 K20 K-4 K

Jobless claims continue to point to strength in the labor market with initial claims down 4,000 in the March 10 week to 226,000. The 4-week average, at 221,500, is down for the seventh time in the last nine weeks and is nearly 7,000 lower than it was a month ago. This is a favorable early indication for the March employment report.

Continuing claims also remain very favorable, at 1.879 million in lagging data for the March 3 week with this 4-week average down a noticeable 17,000 to a 1.891 million level that is nearly 30,000 below the month-ago comparison. The unemployment rate for insured workers remains very low, at only 1.3 percent.

There are no special factors in today's report, one that points to yet another strong monthly employment report.

Consensus Outlook
Initial claims are expected to come in at 229,000 in the March 10 week vs 231,000 in the prior week. Claims have been low and 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

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