2017 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

Jobless Claims  
Released On 12/21/2017 8:30:00 AM For wk12/16, 2017
PriorConsensusConsensus Range
New Claims - Level225 K234 K230 K to 240 K
4-week Moving Average - Level234.75 K
New Claims - Change-11 K

Recent History Of This Indicator
Initial claims are expected to come in at 234,000 in the December 16 week vs 225,000 in the December 9 week. Claims have been very low and very favorable though Puerto Rico, and the backlog effects of Hurricane Maria, have been inflating the total by several thousand.

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
 
 

powered by  [Econoday]