US initial jobless claims 229K vs 220K estimate

• Prior week initial jobless claims 219K revised 221K last week
• Initial jobless claims 229K vs 220K estimate
• 4-week moving average of initial jobless claims 222.25K vs 223.0K last week
• Prior week continuing claims 1.791M revised to 1.790M
• Continuing claims 1.792M vs 1.790M estimate
• 4-week moving average continuing claims 1.789M vs 1.786M last week

A tick up in the initial jobless claims, but continuing claims remains steady and generally lower (see chart below).

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