Posted On: 05/28/2015 7:20:32 AM
Post# of 63914
Jobless Claims
Released On 5/28/2015 8:30:00 AM For wk5/23, 2015
Prior Consensus Consensus Range
New Claims - Level 274 K 270 K 265 K to 275 K
Initial jobless claims are signaling great strength in the labor market, at least signaling that layoffs are at record lows. Continuing claims have been sending the same signal. Further improvement in this report has been pointing to further declines for the unemployment rate.
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.
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.
Released On 5/28/2015 8:30:00 AM For wk5/23, 2015
Prior Consensus Consensus Range
New Claims - Level 274 K 270 K 265 K to 275 K
Initial jobless claims are signaling great strength in the labor market, at least signaling that layoffs are at record lows. Continuing claims have been sending the same signal. Further improvement in this report has been pointing to further declines for the unemployment rate.
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.
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.
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