Thursday, January 02, 2014 9:27:05 AM
Jobless Claims - lower beats estimates
Released On 1/2/2014 8:30:00 AM For wk12/28, 2013
Prior Prior Revised Consensus Consensus Range Actual
New Claims - Level 338 K 341 K 338.5 K 325.0 K to 350.0 K 339 K
4-week Moving Average - Level 348.00 K 348.75 K 357.25 K
New Claims - Change -42 K -39 K -2 K
Highlights
Clouded by holiday volatility, initial claims were little changed in the December 28, down 2,000 to 339,000. In an offset, the prior week is revised 3,000 higher to 341,000.
The 4-week average is not favorable, up a steep 8,500 to a 357,250 level that is more than 30,000 above the level in late November.
Continuing claims are mixed, falling a sharp 98,000 in the latest available data which are for the December 21 week. But the 4-week average is up, at 2.858 million which is nearly 60,000 above the month-ago comparison. The unemployment rate for insured workers is at 2.2 percent for a third straight week, up from 2.1 percent through most of November.
The high readings for the 4-week averages would be negative indications for the December jobs report if not for adjustment issues surrounding the holidays. This report won't begin to smooth out for a couple of weeks yet.
Released On 1/2/2014 8:30:00 AM For wk12/28, 2013
Prior Prior Revised Consensus Consensus Range Actual
New Claims - Level 338 K 341 K 338.5 K 325.0 K to 350.0 K 339 K
4-week Moving Average - Level 348.00 K 348.75 K 357.25 K
New Claims - Change -42 K -39 K -2 K
Highlights
Clouded by holiday volatility, initial claims were little changed in the December 28, down 2,000 to 339,000. In an offset, the prior week is revised 3,000 higher to 341,000.
The 4-week average is not favorable, up a steep 8,500 to a 357,250 level that is more than 30,000 above the level in late November.
Continuing claims are mixed, falling a sharp 98,000 in the latest available data which are for the December 21 week. But the 4-week average is up, at 2.858 million which is nearly 60,000 above the month-ago comparison. The unemployment rate for insured workers is at 2.2 percent for a third straight week, up from 2.1 percent through most of November.
The high readings for the 4-week averages would be negative indications for the December jobs report if not for adjustment issues surrounding the holidays. This report won't begin to smooth out for a couple of weeks yet.
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