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

Jobless Claims  
Released On 8/30/2018 8:30:00 AM For wk8/25, 2018
PriorConsensusConsensus RangeActual
New Claims - Level210 K214 K210 K to 215 K213 K
4-week Moving Average - Level213.75 K212.25 K
New Claims - Change-2 K3 K

Highlights
Unemployment claims remain very stable, low and favorable and they continue to set new milestones. Initial claims came in at 213,000 in the August 25 week vs Econoday's consensus for 214,000 and compared with 210,000 in the prior week.

The 4-week average is down 1,500 to 212,250 for the lowest level since December 1969. This average is running roughly 5,000 below the month-ago comparison which specifically is a positive indication for next week's August employment report.

Continuing claims, in lagging data for the August 18 week, fell 20,000 to 1.708 million with this 4-week average down 5,000 to 1.731 million. The unemployment rate for insured workers is unchanged at only 1.2 percent.

Consensus Outlook
Initial claims are expected to come in at 214,000 in the August 25 week vs 210,000 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
 
 

powered by  [Econoday]