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

Jobless Claims  
Released On 6/14/2018 8:30:00 AM For wk6/9, 2018
PriorConsensusConsensus RangeActual
New Claims - Level222 K225 K217 K to 230 K218 K
4-week Moving Average - Level225.50 K224.25 K
New Claims - Change-1 K-4 K

Highlights
Jobless claims remain very low and are consistent with a low unemployment rate and strong job growth. Initial claims totaled 218,000 in the June 9 week with the 4-week average down slightly to 224,250. Continuing claims, where data lag by a week, fell a sizable 49,000 to 1.697 million with this 4-week average down 4,000 to 1.726 million. All of these readings are at or near historic lows with the 4-week average for continuing claims the lowest since December 1973. The unemployment rate for insured workers is unchanged at a very low 1.2 percent.

Consensus Outlook
Initial claims are expected to come in at 225,000 in the June 9 week vs 222,000 in the prior week. 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
 
 

powered by  [Econoday]