- Prior week Initial claims 199K revised to 200K
- Initial claims 209K vs 202K estimate
- 4 week MA of initial claims 199K vs 199K prev.
- Continuing claims 1.777M vs 1.800M. Prior 1.799M
- 4 week MA of continuing claims 1.785M vs 1.791M last week.
Looking at the trend the initial claims remains int he range indicative of a steady jobs market. No hire. No fire, continues to be the trend. These numbers reflect that dynamic.
Versus a year ago:
- Initial claims 209K vs 224K last year
- Continuing claims are lower at 1.777M vs 1.942M last year.
Overall that is more positive from that perspective.
This article was written by Greg Michalowski at investinglive.com.
