Initial jobless claims in continuing claims for the wk
- Prior week 220K revised 221K
- Initial employment claims 201K vs 225K estimate
- 4-week MA of initial jobless claims 217K vs 224.75K last week
- Continuing claims 1.662M vs 1.695M estimate.
- Prior week continuing claims 1.688M revised to 1.683M
- 4-week moving average of continuing claims 1.687M versus 1.6957M last week
The employment data remains a sticking point for the Fed and this data does not take that away. The initial jobless claims number is the lowest since January 28.
Initial jobs claims fall to the lowest level since January