2018 Economic Calendar
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Jobless Claims  
Released On 5/31/2018 8:30:00 AM For wk5/26, 2018
PriorConsensusConsensus RangeActual
New Claims - Level234 K224 K215 K to 230 K221 K
4-week Moving Average - Level219.75 K222.25 K
New Claims - Change11 K-13 K

Highlights
Jobless claims remain steady at very low levels and are consistent with very strong demand for labor. Initial claims fell 13,000 in the May 26 week to 221,000 with the 4-week average up slightly to 222,250. Continuing claims in lagging data for the May 19 week fell 16,000 to 1.726 million with this 4-week average also down slightly, to 1.744 million. The unemployment rate for insured workers remains at 1.2 percent. All the readings in this report are at historic lows.

Consensus Outlook
Initial claims are expected to come in at 224,000 in the May 26 week in what would be a 10,000 decrease from 234,000 in the prior week. The 4-week average in the prior week, at 219,750, is just off a 49-year low. Low readings in this report are consistent with strong demand for labor.

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
 
 

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