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18 February 2017 Initial Unemployment Claims Rolling Average Insignificantly Improves

Thursday, February 23, 2017 9:10
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The market expectations for weekly initial unemployment claims (from Bloomberg / Econoday) were 240 K to 250 K (consensus 244,000), and the Department of Labor reported 244,000 new claims. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average moved from 245,000 (reported last week as 245,250) to 241,000. The rolling averages generally have been equal to or under 300,000 since August 2014.

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Source: http://econintersect.com/pages/releases/release.php?post=201702230744

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