Economic EventInitial Claims
UnitsThousands of Claims
Current Period11/13/2010
Release DateNov. 18. 10
Reported439
Consensus for Current Period443
Number of Forecasts7
Economic Surprise-4 ( -0.90 % )
Prior Period11/06/2010
Reported Value for Prior Period437
Revised From435
Next Release DateNov. 24. 10
Next Release Time8:30 AM Eastern Time
Source http://ows.doleta.gov/press/2010/111810.asp
NoteThe 4-week moving average was 443,000, a decrease of 4,000 from the previous week " s revised average of 447,000.
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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