Economic EventInitial Claims
UnitsThousands of Claims
Current Period11/21/2009
Release DateNov. 25. 09
Reported466
Consensus for Current Period496.7
Number of Forecasts6
Economic Surprise-30.7 ( -6.18 % )
Prior Period11/14/2009
Reported Value for Prior Period501
Revised From505
Next Release DateDec. 03. 09
Next Release Time8:30 AM Eastern Time
Source http://ows.doleta.gov/press/2009/112509.asp
NoteThe 4-week moving average was 496,500, a decrease of 16,500 from the previous week " s revised average of 513,000.
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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