Initial and continuing claims for the current week
- initial jobless claims 211K vs 220K estimate
- 4-week average 214K vs 213K last week
- continuing claims1722K vs 1733K estimate
- 4-week average 1727K vs 1721.25K last week
The initial claims continue to show strength, but the market is expecting those numbers to expand going forward as businesses shut down. The sports world is leading the way. There are a lot of employees that will be out of work who work at arenas across the country. The NBA and the NCAA are leading the way. Will major league baseball and NHL follow. We will see. For now it seems like the calm before the storm.
