Economic EventInitial Claims
UnitsThousands of Claims
Current Period01/23/2010
Release DateJan. 28. 10
Reported470
Consensus for Current Period451
Number of Forecasts6
Economic Surprise19 ( 4.21 % )
Prior Period01/16/2010
Reported Value for Prior Period478
Revised From482
Next Release DateFeb. 04. 10
Next Release Time8:30 AM Eastern Time
Source http://ows.doleta.gov/press/2010/012810.asp
NoteThe 4-week moving average was 456,250, an increase of 9,500 from the previous week " s revised average of 446,750.
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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