Economic EventInitial Claims
UnitsThousands of Claims
Current Period05/29/2010
Release DateJun. 03. 10
Reported453
Consensus for Current Period450
Number of Forecasts5
Economic Surprise3 ( 0.67 % )
Prior Period05/22/2010
Reported Value for Prior Period463
Revised From460
Next Release DateJun. 10. 10
Next Release Time8:30 AM Eastern Time
Source http://ows.doleta.gov/press/2010/060310.asp
NoteThe 4-week moving average was 459,000, an increase of 1,750 from the previous week " s revised average of 457,250
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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