2017 Economic Calendar
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Event Definitions   |   Today's Calendar   |   

Jobless Claims  
Released On 9/14/2017 8:30:00 AM For wk9/9, 2017
PriorConsensusConsensus RangeActual
New Claims - Level298 K302 K278 K to 320 K284 K
4-week Moving Average - Level250.25 K263.25 K
New Claims - Change62 K-14 K

Consensus Outlook
Forecasters missed badly in the September 2 week, calling for little initial effect from Hurricane Harvey which in fact proved severe. Initial claims in the week surged 62,000 to 298,000 and not much more is expected in the September 9 week with the consensus at 302,000. Hurricane Harvey and Hurricane Irma will be enormous wildcards for initial claims data during the next several weeks.

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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