Economic EventInitial Claims
UnitsThousands of Claims
Current Period02/13/2010
Release DateFeb. 18. 10
Reported473
Consensus for Current Period430
Number of Forecasts6
Economic Surprise43 ( 10.00 % )
Prior Period02/06/2010
Reported Value for Prior Period442
Revised From440
Next Release DateFeb. 25. 10
Next Release Time8:30 AM Eastern Time
Source http://ows.doleta.gov/press/2010/021810.asp
NoteThe 4-week moving average was 467,500, a decrease of 1,500 from the previous week " s revised average of 469,000.
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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