US weekly initial jobless claims 216K vs 234K expected

  • US initial jobless claims and continuing claims for the week ending Sept 2
weekly initial jobless claims
  • Prior was 228K
  • four-week moving average vs 237.5K prior
  • Continuing claims 1.679m vs 1.715m expected
  • Prior continuing claims 1.725m

Coming on the heels of this week's ISM services index, this is a big pushback on the narrative of a weakening US economy.

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