2017 Economic Calendar
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Jobless Claims  
Released On 11/30/2017 8:30:00 AM For wk11/25, 2017
PriorPrior RevisedConsensusConsensus RangeActual
New Claims - Level239 K240 K240 K235 K to 245 K238 K
4-week Moving Average - Level239.75 K240.00 K242.25 K
New Claims - Change-13 K-12 K-2 K

Jobless claims are very low and Puerto Rico has stabilized in what is the latest good news on the labor market. Initial jobless claims fell 2,000 in the November 25 week to 238,000. Claims in Puerto Rico, after peaking at 7,000 in the prior week, fell back to 2,965 suggesting that the worst of the hurricane impact from Maria may have passed.

Continuing claims, in lagging data for the November 18 week, did rise 42,000 to 1.957 million but the unemployment rate for insured workers held steady at a very low 1.4 percent.

All the readings in this report are very low and point clearly to another monthly employment report where strength will be the theme.

Consensus Outlook
Initial claims are expected to come in at 240,000 in the November 25 week vs 239,000 in the November 18 week. Data throughout this report are near historic lows though claims from Puerto Rico have been elevated.

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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