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

Jobless Claims  
Released On 6/21/2018 8:30:00 AM For wk6/16, 2018
PriorConsensusConsensus Range
New Claims - Level218 K220 K215 K to 225 K
4-week Moving Average - Level224.25 K
New Claims - Change-4 K

Consensus Outlook
Vs 218,000 in the prior week, initial claims are expected to come in at 220,000 in the June 16 week which is also the sample week for the monthly employment report. All readings in this report are at or near historic lows and 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

powered by  [Econoday]