Initial jobless claims continue the tick higher
- Initial jobless claims 251k vs 240K estimate
- prior week prior week 244K
- 4 week moving average of initial jobless claims 240.5K vs 236.00K last week
- continuing claims 1.384M vs 1340M estimate. Last week 1.333M vs 1.331M previously reported
- 4 week moving average of continuing claims 1.3253M vs. previous 1.3400M
- The largest increases in initial claims for the week ending July 9 were in New York (+10,051), Kentucky (+3,061), Arizona (+2,447), Ohio (+2,274), and Indiana (+2,234),
- The largest decreases were in California (-3,801), New Jersey (-3,332), Georgia (-1,859), Mississippi (-678), and Rhode Island (-484).
Jobless claims continue to tick higher as the impact from higher rates and expected slower growth work its way to the jobs market slowly.
