2017 Economic Calendar
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Jobless Claims  
Released On 9/21/2017 8:30:00 AM For wk9/16, 2017
PriorConsensusConsensus Range
New Claims - Level284 K303 K274 K to 325 K
4-week Moving Average - Level263.25 K
New Claims - Change-14 K

Recent History Of This Indicator
Hurricane volatility makes the initial jobless claims call difficult but the consensus for the September 16 is 303,000 vs 284,000 and 298,000 in the prior two weeks. Claims in Texas edged back in the September 9 week but still remained elevated while those in Florida had to be estimated. Hurricane Harvey and Hurricane Irma will be skewing claims data for at least the next several weeks.

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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