Thursday, November 06, 2014 9:38:12 AM
Jobless Claims
Released On 11/6/2014 8:30:00 AM For wk11/1, 2014
Prior Prior Revised Consensus Consensus Range Actual
New Claims - Level 287 K 288 K 283 K 280 K to 290 K 278 K
4-week Moving Average - Level 281.00 K 281.25 K 279.00 K
New Claims - Change 3 K 4 K -10 K
Highlights
Layoffs are down right now in the labor market as initial jobless claims fell 10,000 in the November 1 week to 278,000. The 4-week average is down 2,250 to 279,000. This is the seventh decline in eight weeks for the average and a new 14-year low.
Continuing claims, in data that lag by a week, are also down, at 2.348 million for a 39,000 decline in the October 25 week and another 14-year low. The 4-week average is down 8,000 to 2.370 million with the unemployment rate for insured workers unchanged at 1.8 percent.
There are no special factors in today's report, a report that is certain to build confidence for strength in tomorrow's October employment report.
Weekly series fluctuate more dramatically than monthly series even when the series are adjusted for seasonal variation. The 4-week moving average gives a better perspective on the underlying trend.
Data Source: Haver Analytics
Released On 11/6/2014 8:30:00 AM For wk11/1, 2014
Prior Prior Revised Consensus Consensus Range Actual
New Claims - Level 287 K 288 K 283 K 280 K to 290 K 278 K
4-week Moving Average - Level 281.00 K 281.25 K 279.00 K
New Claims - Change 3 K 4 K -10 K
Highlights
Layoffs are down right now in the labor market as initial jobless claims fell 10,000 in the November 1 week to 278,000. The 4-week average is down 2,250 to 279,000. This is the seventh decline in eight weeks for the average and a new 14-year low.
Continuing claims, in data that lag by a week, are also down, at 2.348 million for a 39,000 decline in the October 25 week and another 14-year low. The 4-week average is down 8,000 to 2.370 million with the unemployment rate for insured workers unchanged at 1.8 percent.
There are no special factors in today's report, a report that is certain to build confidence for strength in tomorrow's October employment report.
Weekly series fluctuate more dramatically than monthly series even when the series are adjusted for seasonal variation. The 4-week moving average gives a better perspective on the underlying trend.
Data Source: Haver Analytics
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