2017 Economic Calendar
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Jobless Claims  
Released On 6/29/2017 8:30:00 AM For wk6/24, 2017
PriorPrior RevisedConsensusConsensus RangeActual
New Claims - Level241 K242 K241 K236 K to 244 K244 K
4-week Moving Average - Level244.75 K245.00 K242.25 K
New Claims - Change3 K4 K2 K

Jobless claims remain solidly stable at historic lows. Initial claims did inch 2,000 higher in the June 24 week but the 4-week average fell slightly to 242,250 and continues, as it has for the last 2 months, to hold in a tight range near 240,000. Continuing claims also inched higher to 1.948 million in lagging data for the June 17 week with this 4-week average moving to 1.939 million which is slightly above recent trend. The unemployment rate for insured workers is unchanged at 1.4 percent. There are no special factors in today's report which once again underscores the strength of demand for labor.

Consensus Outlook
Demand for labor is very strong reflected in jobless claims which are at historic lows. Forecasters sees initial claims coming in unchanged at 241,000 in the June 24 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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