Economic EventInitial Claims
UnitsThousands of Claims
Current Period08/15/2009
Release DateAug. 20. 09
Reported576
Consensus for Current Period558
Number of Forecasts6
Economic Surprise18 ( 3.23 % )
Prior Period08/08/2009
Reported Value for Prior Period561
Revised From558
Next Release DateAug. 27. 09
Next Release Time8:30 AM Eastern Time
Source http://ows.doleta.gov/press/2009/082009.asp
NoteThe 4-week moving average was 570,000, an increase of 4,250 from the previous week " s revised average of 565,750.
DescriptionInitial 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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