Economic EventInitial Claims
UnitsThousands of Claims
Current Period09/05/2009
Release DateSep. 10. 09
Reported550
Consensus for Current Period551
Number of Forecasts6
Economic Surprise-1 ( -0.18 % )
Prior Period08/29/2009
Reported Value for Prior Period576
Revised From570
Next Release DateSep. 17. 09
Next Release Time8:30 AM Eastern Time
Source http://ows.doleta.gov/press/2009/091009.asp
NoteThe 4-week moving average was 570,000, a decrease of 2,750 from the previous week " s revised average of 572,750.
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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