2017 Economic Calendar
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Jobless Claims  
Released On 9/28/2017 8:30:00 AM For wk9/23, 2017
PriorConsensusConsensus Range
New Claims - Level259 K270 K260 K to 300 K
4-week Moving Average - Level268.75 K
New Claims - Change-23 K

Recent History Of This Indicator
Hurricane volatility makes initial jobless claims difficult to call but the consensus for the September 23 week is 270,000 vs an average of 280,000 in the prior three weeks which all had hurricane impacts. Claims in Texas rose sharply at first but have since eased while the initial impact of Hurricane Irma on Florida was heavy.

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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