Prior week 218K
The weekly US initial jobless claims came in at 227K versus 220K expected.
- Prior week remains at 218K
- Continuing claims 1705K versus 1717K expected. Prior week revised up to 1726K from 1723K. The 4-week moving average was 1,719.5k, a decrease of 3,750 from the previous week's revised average. This is the lowest level for this average since December 8, 1973
- 4 week moving average for initial claims ticks up 222K from 221K
- The largest increases in initial claims for the week ending June 16 were in Pennsylvania (+2,569), Wisconsin (+1,747), California (+1,219), Puerto Rico (+592), and Delaware (+553),
- The largest decreases were in Tennessee (-2,475), Illinois (-2,184), Florida (-1,777), New York (-1,618), and Georgia (-1,563).
