2018 Economic Calendar
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Jobless Claims  
Released On 5/3/2018 8:30:00 AM For wk4/28, 2018
PriorConsensusConsensus RangeActual
New Claims - Level209 K224 K220 K to 230 K211 K
4-week Moving Average - Level229.25 K221.50 K
New Claims - Change-24 K2 K

Highlights
Initial jobless claims came in at 211,000 in the April 28 week, only 2,000 higher from the prior week's 209,000 which remains a 49-year low. The latest 4-week average, down a very sizable 7,750 to 221,500, is a 45-year low. Continuing claims fell 77,000 in lagging data for the April 21 week to 1.756 million which, for this reading, is also a 45-year low. And the unemployment rate for insured employees is down another notch, 1 tenth lower to only 1.2 percent.

Trends for this series are once again moving lower, consistent with strong demand for labor in results that will firm expectations for strength in tomorrow's employment report for April.

Consensus Outlook
Initial claims are expected to come in at 224,000 in the April 28 week in what would be a 15,000 increase from the prior week which was a 49-year low. Low readings in this report are 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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