Economic EventInitial Claims
UnitsThousands of Claims
Current Period11/14/2009
Release DateNov. 19. 09
Reported505
Consensus for Current Period500
Number of Forecasts5
Economic Surprise5 ( 1.00 % )
Prior Period11/07/2009
Reported Value for Prior Period505
Revised From502
Next Release DateNov. 25. 09
Next Release Time8:30 AM Eastern Time
Source http://ows.doleta.gov/press/2009/111909.asp
NoteThe 4-week moving average was 514,000, a decrease of 6,500 from the previous week " s revised average of 520,500.
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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