US initial jobless claims 208K versus 212K estimate

• Prior week 207K revised to 208K.
• Initial jobless claims 208K versus 212K estimate.
• 4-week moving average of initial jobless claims 210K vs 213.5K last week.
• Continuing claims 1.774M versus 1.797M estimate.
• 4-week moving average of continuing claims 1.789M vs 1.793M last week.

Initial jobless claims remain steady as she goes (you kinda wonder how they can remain so steady for such a long period of time) . Nevertheless job market remains healthy. Fed chair implied that rising unemployment would be a checkmark for potential easing a policy down the road

This article was written by Greg Michalowski at www.forexlive.com.