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

Jobless Claims  
Released On 7/26/2018 8:30:00 AM For wk7/21, 2018
PriorPrior RevisedConsensusConsensus RangeActual
New Claims - Level207 K208 K219 K215 K to 220 K217 K
4-week Moving Average - Level220.50 K220.75 K218.00 K
New Claims - Change-8 K-7 K9 K

Jobless claims remain very low in confirmation that employers are holding onto their workforces. Initial claims in the July 21 week came in at 217,000 which is a bit better than Econoday's consensus for 219,000. The 4-week average is down nearly 3,000 to 218,000.

Continuing claims, where data lag by a week, fell 8,000 to 1.745 million with this 4-week average up 10,000 to 1.746 million. The unemployment rate for insured workers holds once again at 1.2 percent.

All these readings are at or near historic lows and point to yet another favorable employment report for July.

Consensus Outlook
Initial claims are expected to come in at 219,000 in the July 21 week vs 207,000 in the prior week which was the lowest since December 1969. Other readings in this report are also at or near historic lows and consistent with 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]