2017 Economic Calendar
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Jobless Claims  
Released On 8/31/2017 8:30:00 AM For wk8/26, 2017
PriorPrior RevisedConsensusConsensus RangeActual
New Claims - Level234 K235 K237 K235 K to 240 K236 K
4-week Moving Average - Level237.75 K238.00 K236.75 K
New Claims - Change2 K3 K1 K

Jobless claims remain at historic lows with initial claims coming in at 236,000 in the August 26 week vs a revised 235,000 in the prior week. The 4-week average, at 236,750, has fallen for five straight weeks and six out of the last seven. Continuing claims are posting similar results, down 12,000 to 1.942 million in lagging data for the August 19 week with this 4-week average down slightly to 1.952 million. The unemployment rate for insured workers is unchanged at a very low 1.4 percent. There are no special factors in today's report though Hurricane Harvey is certain to drive initial claims higher, and likely substantially higher, in the coming weeks.

Consensus Outlook
Weekly jobless claims have held steady at historic lows this summer. Forecasters sees initial claims coming in at 237,000 in the August 26 week vs 234,000 in the August 19 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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