Economic EventInitial Claims
UnitsThousands of Claims
Current Period01/29/2011
Release DateFeb. 03. 11
Consensus for Current Period417
Number of Forecasts8
Economic Surprise-2 ( -0.48 % )
Prior Period01/22/2011
Reported Value for Prior Period457
Revised From454
Next Release DateFeb. 10. 11
Next Release Time8:30 AM Eastern Time
NoteThe 4-week moving average was 430,500, an increase of 1,000 from the previous week " s revised average of 429,500.
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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