Economic EventInitial Claims
UnitsThousands of Claims
Current Period03/20/2010
Release DateMar. 25. 10
Reported442
Consensus for Current Period450
Number of Forecasts6
Economic Surprise-8 ( -1.78 % )
Prior Period03/13/2010
Reported Value for Prior Period456
Revised From457
Next Release DateApr. 01. 10
Next Release Time8.30 AM Eastern Time
Source http://ows.doleta.gov/press/2010/032510.asp
NoteThe 4-week moving average was 453,750, a decrease of 11,000 from the previous week " s revised average of 464,750.
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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