US initial jobless claims 268k vs 275k exp

US initial jobless claims week ending 20 May 2016

  • Prior 278k

  • Continued claims 2.163m vs 2.146m exp. Prior 2.152m. Revised to 2.153m

  • 4 week average 278.5k vs 275.75k prior

There's been nothing of note from the recent claims data to warrant any worries for next week's NFP. If we get another soft number the blame will lie elsewhere.

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