2018 Economic Calendar
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Jobless Claims  
Released On 5/31/2018 8:30:00 AM For wk5/26, 2018
PriorConsensusConsensus Range
New Claims - Level234 K224 K217 K to 230 K
4-week Moving Average - Level219.75 K
New Claims - Change11 K

Consensus Outlook
Initial claims are expected to come in at 224,000 in the May 26 week in what would be a 10,000 decrease from 234,000 in the prior week. The 4-week average in the prior week, at 219,750, is just off a 49-year low. Low readings in this report are consistent with 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
 
 

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