Economic EventInitial Claims
UnitsThousands of Claims
Current Period04/24/2010
Release DateApr. 29. 10
Reported448
Consensus for Current Period449
Number of Forecasts5
Economic Surprise-1 ( -0.22 % )
Prior Period04/17/2010
Reported Value for Prior Period459
Revised From456
Next Release DateMay. 06. 10
Next Release Time8.30 AM Eastern Time
Source http://ows.doleta.gov/press/2010/042910.asp
NoteThe 4-week moving average was 462,500, an increase of 1,500 from the previous week " s revised average of 461,000.
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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