2017 Economic Calendar
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Event Definitions   |   Today's Calendar   |   

Jobless Claims  
Released On 8/17/2017 8:30:00 AM For wk8/12, 2017
PriorConsensusConsensus RangeActual
New Claims - Level244 K240 K238 K to 245 K232 K
4-week Moving Average - Level241.00 K240.50 K
New Claims - Change3 K-12 K

Consensus Outlook
The summer's auto retooling season has yet to be a factor in weekly jobless claims which, apparently benefiting from good seasonal adjustments, have held very steady at very low levels. Forecasters sees initial claims coming in at 240,000 in the August 12 week vs 244,000 in the August 5 week.

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
 
 

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