2018 Economic Calendar
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Jobless Claims  
Released On 6/7/2018 8:30:00 AM For wk6/2, 2018
PriorPrior RevisedConsensusConsensus RangeActual
New Claims - Level221 K223 K225 K220 K to 225 K222 K
4-week Moving Average - Level222.25 K222.75 K225.50 K
New Claims - Change-13 K-11 K-1 K

Jobless claims remain very low and are consistent with a low unemployment rate and strong job growth. Initial claims totaled 222,000 in the June 2 week with the 4-week average up only slightly to 225,500. Continuing claims, where data lag by a week, rose 21,000 to 1.741 million with this 4-week average down 13,250 to 1.729 million. All of these readings are at or near historic lows with the 4-week average for continuing claims the lowest since December 1973. The unemployment rate for insured workers is unchanged at a very low 1.2 percent.

Consensus Outlook
Initial claims are expected to come in at 225,000 in the June 2 week in what would be a 4,000 increase from 221,000 in the prior week. Low readings in this report are consistent with 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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