Economic Event Initial Claims Units Thousands of Claims Current Period 12/11/2010 Release Date Dec. 16. 10 Reported 420 Consensus for Current Period 424 Number of Forecasts 7 Economic Surprise -4 ( -0.94 % ) Prior Period 12/04/2010 Reported Value for Prior Period 423 Revised From 421 Next Release Date Dec. 23. 10 Next Release Time 8:30 AM Eastern Time Source http://ows.doleta.gov/press/2010/121610.asp Note The 4-week moving average was 422,750, a decrease of 5,250 from the previous week " s revised average of 428,000. Description Initial 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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