2018 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

Jobless Claims  
Released On 2/1/2018 8:30:00 AM For wk1/27, 2018
PriorPrior RevisedConsensusConsensus RangeActual
New Claims - Level233 K231 K235 K234 K to 240 K230 K
4-week Moving Average - Level240.00 K239.50 K234.50 K
New Claims - Change17 K15 K-1 K

Highlights
After a period of volatility, jobless claims may be settling down. Initial claims totaled a modest 230,000 in the January 27 week following a revised 231,000 in the prior week. Claims had been stable through most of last year at about the 240,000 level before the hurricane season upended the data beginning in late August. The 4-week average is down for a third week in a row, at 234,5000 which is more than 5,000 below where it was a month ago.

Continuing claims in lagging data for the January 20 week rose 13,000 to 1.953 with this 4-week average up 12,000 to a 1.933 million level that is marginally higher than the month-ago comparison. The unemployment rate for insured workers is unchanged at a very low 1.4 percent.

Maine was the only state estimated in the week which perhaps underscores that a period of stability may be ahead for claims data. Today's results help confirm the health of the labor market, specifically the low level of layoffs, going into tomorrow's employment report for January.

Recent History Of This Indicator
Initial claims are expected to come in at 235,000 in the January 27 week compared to 233,000 in the January 20 week. Jobless claims have been showing recent volatility yet have been firmly consistent with a low level of layoffs and unusually strong demand for labor.

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]