- Prior week 241K
- Initial jobless claims 228K versus 230K estimate (for March 3 week)
- 4-week moving average 227.0 K versus 226.0 K last week
- Continuing claims 1.879M versus 1886M estimate
- Prior week continuing claims 1.908M revised lower from 1.916M last week
- 4- week continuing claims 1.875M vs 1.866M last week
These are the one-week delayed increases in the state initial jobless claims from last week. New York showed a 15K increase which was a outlier that caused the spike to 241K last week.
- The largest increases in initial claims for the week ending April 26 were in New York (+15,418), Massachusetts
(+3,301), Georgia (+1,207), Puerto Rico (+1,012), and Nebraska (+570), while the largest decreases were in Connecticut
(-2,340), Rhode Island (-1,850), Missouri (-1,696), Michigan (-1,436), and Washington (-700).
The jobs situation remains solid which keeps the Fed on hold.
This article was written by Greg Michalowski at www.forexlive.com.
