US initial jobless claims and continuing claims
- US initial jobless claims 860K vs. 850K estimate
- continuing claims 12628K vs. 1300K estimate
- 4 week moving average of initial claims 912K vs 973K last week
- 4 week moving average of continuing claims 13489K vs 14021.75K
The initial jobless claims data was a little worse than expected, but was still better than last weeks revised 893K (was 884K). For the continuing claims, they were a stronger than expectations but still remains well elevated at 12.628M. Nevertheless the trend remains the downside for that series.
