2018 Economic Calendar
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Jobless Claims  
Released On 10/25/2018 8:30:00 AM For wk10/20, 2018
PriorConsensusConsensus Range
New Claims - Level210 K212 K208 K to 220 K
4-week Moving Average - Level211.75 K
New Claims - Change-5 K

Consensus Outlook
Hurricane Michael had no initial impact on jobless claims and very little impact is expected in the October 20 week. Initial jobless claims are expected to come in at 212,000 vs 210,000 in the October 13 week. Jobless claims are at historic lows to indicate unusually 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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