2017 Economic Calendar
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Jobless Claims  
Released On 10/19/2017 8:30:00 AM For wk10/14, 2017
PriorConsensusConsensus Range
New Claims - Level243 K240 K235 K to 250 K
4-week Moving Average - Level257.50 K
New Claims - Change-15 K

Recent History Of This Indicator
Effects from Hurricanes Harvey and Irma have been clearly fading in jobless claims which came in at 243,000 in the October 7 week and only slightly above late August levels. But the effects of Hurricane Maria remain as a major wildcard as Puerto Rico where claims, which are no longer being estimated, have been dribbling in not due presumably to lack of joblessness in the territory but to lack of access to San Juan's unemployment office. Any effect, however, isn't the call among forecasters who see initial jobless claims coming in little changed at 243,000 in the October 14 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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