2018 Economic Calendar
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Jobless Claims  
Released On 8/23/2018 8:30:00 AM For wk8/18, 2018
PriorConsensusConsensus RangeActual
New Claims - Level212 K215 K210 K to 220 K210 K
4-week Moving Average - Level215.50 K213.75 K
New Claims - Change-2 K-2 K

Highlights
Initial jobless claims for the August 18 week, which is also the sample week for the monthly employment report, fell 2,000 to 210,000 with the 4-week average down 1,750 to 213,750. Comparisons with the sample week of the July employment report show a marginal 2,000 rise for the weekly level and a 7,000 decline for the 4-week average in what are favorable signals that point to yet another healthy employment report for August.

Continuing claims edged 2,000 lower in lagging data for the August 11 week with this 4-week average down 5,000 to 1.736 million. The unemployment rate for insured workers holds at 1.2 percent, which is very low and like all readings in this report consistent with strong demand for labor.

Consensus Outlook
Initial claims are expected to come in at 215,000 in the August 4 week vs 212,000 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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