2017 Economic Calendar
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Jobless Claims  
Released On 8/24/2017 8:30:00 AM For wk8/19, 2017
PriorConsensusConsensus Range
New Claims - Level232 K237 K234 K to 240 K
4-week Moving Average - Level240.50 K
New Claims - Change-12 K

Recent History Of This Indicator
Seasonal adjustments have been on the mark and the summer's auto retooling season has yet to be a factor in weekly jobless claims which have held rock steady at historic low levels. Forecasters sees initial claims coming in at 237,000 in the August 19 week vs 232,000 in the August 12 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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