Economic EventInitial Claims
UnitsThousands of Claims
Current Period12/26/2009
Release DateDec. 31. 09
Reported432
Consensus for Current Period461
Number of Forecasts6
Economic Surprise-29 ( -6.29 % )
Prior Period12/19/2009
Reported Value for Prior Period454
Revised From452
Next Release DateJan. 07. 10
Next Release Time8:30 AM Eastern Time
Source http://ows.doleta.gov/press/2009/123109.asp
NoteThe 4-week moving average was 460,250, a decrease of 5,500 from the previous week " s revised average of 465,750.
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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