2018 Economic Calendar
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Jobless Claims  
Released On 5/10/2018 8:30:00 AM For wk5/5, 2018
PriorConsensusConsensus RangeActual
New Claims - Level211 K220 K215 K to 229 K211 K
4-week Moving Average - Level221.50 K216.00 K
New Claims - Change2 K0 K

Initial jobless claims beat expectations, holding at 211,000 in the May 5 week and pulling the 4-week average down 5,500 to a new 49-year low at 216,000.

Continuing claims, which lag by a week, are mixed with the April 28 week up 30,000 to 1.790 million but the 4-week average down 22,000 to 1.813 million. The unemployment rate for insured workers is up 1 tenth to what is still a very low 1.3 percent.

Readings throughout this report are at or near historic lows which means that employers are holding very tightly to their employees in further evidence that the labor market is at, or very near, full employment.

Consensus Outlook
Initial claims are expected to come in at 220,000 in the May 5 week in what would be a 9,000 increase from the prior week which was just above a 49-year low. Low readings in this report are consistent with 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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