2018 Economic Calendar
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Jobless Claims  
Released On 8/2/2018 8:30:00 AM For wk7/28, 2018
PriorConsensusConsensus RangeActual
New Claims - Level217 K218 K216 K to 225 K218 K
4-week Moving Average - Level218.00 K214.50 K
New Claims - Change9 K1 K

Convincing strength for tomorrow's employment report is the indication from jobless claims data where initial claims for the July 28 week hit Econoday's consensus at 218,000. The 4-week average is down 3,500 to 214,500 for the lowest showing since May and one of the lowest in the last 50 years. Continuing claims in lagging data for the July 21 week fell 23,000 to 1.724 million with this 4-week average down 4,000 to 1.742 million. The unemployment rate, like all the readings in this report, is very low, at only 1.2 percent.

Consensus Outlook
Initial claims are expected to come in at 218,000 in the July 28 week vs 217,000 in the prior week. 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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