2017 Economic Calendar
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Jobless Claims  
Released On 4/27/2017 8:30:00 AM For wk4/22, 2017
PriorPrior RevisedConsensusConsensus RangeActual
New Claims - Level244 K243 K244 K240 K to 245 K257 K
4-week Moving Average - Level243.00 K242.75 K242.25 K
New Claims - Change10 K9 K14 K

Initial jobless claims rose 14,000 in the April 22 week to a higher-than-expected 257,000. Yet, at 242,250, the 4-week average is now slightly lower and compares well with the 250,000 levels of late March. Continuing claims, in lagging data for the April 15 week, rose slightly to 1.988 million and with this 4-week average also moving lower, to 2.007 million and a new 17-year low. The unemployment rate for insured workers (excludes job leavers and re-entrants) remains at a very low 1.4 percent.

Claims data can be uneven during holiday periods such as Easter. But the 4-week averages are solid evidence that the labor market has remained very healthy this month in what is a positive indication for tomorrow's employment report. There are no special factors in today's report though Louisiana once again had to be estimated.

Consensus Outlook
Initial jobless claims are expected to hold steady in the April 22 week, at a consensus 244,000 in what would be no change from the prior week. Unemployment claims have been very low and favorable the past couple of years and are indicating strong employer 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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