Economic Event Initial Claims Units Thousands of Claims Current Period 03/12/2011 Release Date Mar. 17. 11 Reported 385 Consensus for Current Period 384 Number of Forecasts 7 Economic Surprise 1 ( 0.26 % ) Prior Period 03/05/2011 Reported Value for Prior Period 401 Revised From 397 Next Release Date Mar. 24. 11 Next Release Time 8:30 AM Eastern Time Source https://ows.doleta.gov/press/2011/031711.asp Note The 4-week moving average was 386,250, a decrease of 7,000 from the previous week " s revised average of 393,250. 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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