2018 Economic Calendar
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Jobless Claims  
Released On 8/9/2018 8:30:00 AM For wk8/4, 2018
PriorPrior RevisedConsensusConsensus RangeActual
New Claims - Level218 K219 K220 K216 K to 225 K213 K
4-week Moving Average - Level214.50 K214.25 K
New Claims - Change1 K-6 K

Highlights
Continuing strength is evident from today's jobless claims data where initial claims for the August 4 week were below the Econoday consensus range at 213,000. The 4-week average was down 500 to 214,250. Continuing claims in lagging data for the July 28 week were up 29,000 to 1.755 million with this 4-week average down 4,000 to 1.742 million. The unemployment rate, like all the readings in this report, was very low, at only 1.2 percent.

Consensus Outlook
Initial jobless claims are expected to come in at 220,000 in the August 11 week vs 218,000 in the prior week. All readings in this report are at or near historic lows and 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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