Economic Event Initial Claims Units Thousands of Claims Current Period 07/04/2009 Release Date Jul. 09. 09 Reported 565 Consensus for Current Period 584 Number of Forecasts 6 Economic Surprise -19 ( -3.25 % ) Prior Period 06/27/2009 Reported Value for Prior Period 617 Revised From 614 Next Release Date Jul. 16. 09 Next Release Time 8:30 AM Eastern Time Source http://ows.doleta.gov/press/2009/070909.asp Note The 4-week moving average was 606,000, a decrease of 10,000 from the previous week " s revised average of 616,000. Description Initial jobless claims measure the amount of filings for state jobless benefits. This indicator of the direction of the economy can be misleading, with increases in claims potential signaling slowing job growth. Typically a four week moving average provides a better sense of the underlying trend. A move of 30K is necessary to signal a meaningful change in job growth.

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