2018 Economic Calendar
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Jobless Claims  
Released On 3/29/2018 8:30:00 AM For wk3/24, 2018
PriorPrior RevisedConsensusConsensus RangeActual
New Claims - Level229 K227 K228 K220 K to 230 K215 K
4-week Moving Average - Level223.75 K225.00 K224.50 K
New Claims - Change3 K1 K-12 K

March looks to be another strong month for the labor market based on jobless claims which are at record lows. Initial claims fell 12,000 in the March 24 week to a lower-than-expected 215,000 and the lowest level in 45 years. The 4-week average is down slightly to 224,500 and in line with February's trend.

Continuing claims, in lagging data for the March 17 week, rose 35,000 but this 4-week average is down 12,000 to 1.862 million and running roughly 50,000 below February. The unemployment rate for uninsured workers is only 1.3 percent. There are no special factors in today's report.

Consensus Outlook
Initial claims are expected to come in at 228,000 in the March 24 week vs 229,000 in the prior week. Claims have been low and consistent with minimal layoffs and strong demand for labor.

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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