2018 Economic Calendar
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Jobless Claims  
Released On 6/21/2018 8:30:00 AM For wk6/16, 2018
PriorPrior RevisedConsensusConsensus RangeActual
New Claims - Level218 K221 K220 K215 K to 225 K218 K
4-week Moving Average - Level224.25 K225.00 K221.00 K
New Claims - Change-4 K-1 K-3 K

Jobless claims remain very low and are consistent with a low unemployment rate and strong job growth. Initial claims totaled 218,000 in the June 16 week with the 4-week average down 4,000 to 221,000 and in line with the month-ago comparison.

Continuing claims, where data lag by a week, rose 22,000 to 1.723 million but this 4-week average is also down 4,000 to 1.723 million. All of these readings are at or near historic lows with the 4-week average for continuing claims the lowest since December 1973. The unemployment rate for insured workers is unchanged at a very low 1.2 percent.

There were no states or territories estimated in the week with, for the first time since the hurricane season, no disruptions cited for Puerto Rico or the Virgin Islands.

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

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