2017 Economic Calendar
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Jobless Claims  
Released On 6/1/2017 8:30:00 AM For wk5/27, 2017
PriorConsensusConsensus Range
New Claims - Level234 K239 K235 K to 245 K
4-week Moving Average - Level235.25 K
New Claims - Change1 K

Recent History Of This Indicator
Jobless claims are at 40-year lows and pointing to unusually strong demand for labor. Forecasters sees initial claims coming in at 239,000 in the May 27 week vs 236,000 in the prior week.

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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