2017 Economic Calendar
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Jobless Claims  
Released On 7/27/2017 8:30:00 AM For wk7/22, 2017
PriorConsensusConsensus Range
New Claims - Level233 K240 K235 K to 243 K
4-week Moving Average - Level243.75 K
New Claims - Change-15 K

Recent History Of This Indicator
Demand for labor is very strong reflected in jobless claims which are at historic lows. Forecasters sees initial claims coming in at 240,000 in the July 22 week vs an unusually low 233,000 in the prior week.

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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