Initial Jobless Claims (week ended 4/12/2014)
- New Claims (seasonally adjusted) 304,000. Previous was 302,000
- 4-week Moving Average 312,000. Previous was 316,750
- New Claims (unadjusted) totaled 317,701 an increase of 17,512 (or 5.8%) from the previous week
Initial Jobless Claims gets attention as a weekly surrogate for the health of the jobs market even though the market is a bit more complex. Jobless Claims are about 15% of the movement in and out of the jobs market. Initial Jobless Claims are at a 5-year low.
Philadelphia Federal Reserve Survey (April 2014)
- General Business Conditions Index 16.6. Previous was 9.0.