2017 Economic Calendar
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Jobless Claims  
Released On 8/10/2017 8:30:00 AM For wk8/5, 2017
PriorPrior RevisedConsensusConsensus RangeActual
New Claims - Level240 K241 K241 K235 K to 245 K244 K
4-week Moving Average - Level241.75 K242.00 K241.00 K
New Claims - Change-5 K-4 K3 K

Demand for labor is the economy's big strength, evident in the latest jobless claims data where initial claims for the August 5 week came in little changed at 244,000. The 4-week average, at 241,000, is slightly below the month-ago comparison in what is an early positive indication for the August employment report.

Continuing claims, in lagging data for the July 29 week, fell 16,000 to 1.951 million. This 4-week average is unchanged at 1.965 million with the unemployment rate for insured workers also unchanged at 1.4 percent.

All the readings in this report are at historic lows as employers hold on as tightly as possible to their existing staffs. There are no special factors in today's report and no states were estimated.

Consensus Outlook
The summer's auto retooling season hasn't disrupted weekly jobless claims which, apparently benefiting from good seasonal adjustments, have held steady. Forecasters sees initial claims rising but only slightly to 241,000 in the August 5 week from 240,000 in the prior week.

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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