2018 Economic Calendar
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Jobless Claims  
Released On 2/22/2018 8:30:00 AM For wk2/17, 2018
PriorPrior RevisedConsensusConsensus RangeActual
New Claims - Level230 K229 K230 K227 K to 235 K222 K
4-week Moving Average - Level228.50 K228.25 K226 K
New Claims - Change7 K6 K-7 K

Initial jobless claims continue to post very favorable readings that remain near historical lows, at 222,000 in the February 17 week down 7,000 from the previous week's downward revised level, taking the 4-week average to 226,000, just shy of the 45-year low seen two weeks ago. The average is down about 13,500 from this time last month.

Further pointing to strength in the February employment report, continuing claims, in lagging data for the February 10 week, fell by 73,000 from the previous week to 1.875 million. The 4-week average is down 16,250 to 1.927 million, with the unemployment rate for insured workers falling 0.1 percentage points to just 1.3 percent. There are no special factors in today's report.

Consensus Outlook
Initial claims are expected to come in at 230,000 in the February 17 week which would be unchanged from the prior week. Claims have been low and consistent with minimal layoffs and 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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