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

Jobless Claims  
Released On 3/29/2018 8:30:00 AM For wk3/24, 2018
PriorConsensusConsensus Range
New Claims - Level229 K228 K220 K to 230 K
4-week Moving Average - Level223.75 K
New Claims - Change3 K

Consensus Outlook
Initial claims are expected to come in at 228,000 in the March 24 week vs 229,000 in 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

powered by  [Econoday]