Economic EventInitial Claims
UnitsThousands of Claims
Current Period11/20/2010
Release DateNov. 24. 10
Reported407
Consensus for Current Period432
Number of Forecasts8
Economic Surprise-25 ( -5.79 % )
Prior Period11/13/2010
Reported Value for Prior Period441
Revised From439
Next Release DateDec. 02. 10
Next Release Time8:30 AM Eastern Time
Source http://ows.doleta.gov/press/2010/112410.asp
NoteThe 4-week moving average was 436,000, a decrease of 7,500 from the previous week " s revised average of 443,500.
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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