US initial jobless claims 213K vs. 226K estimate

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US initial jobless claims 213K vs. 226K estimate

<ul><li>Prior week 222K revised to 218K</li><li>initial jobless claims comes in stronger than expected at 213K vs. 226K estimate</li><li>4 week moving average 224.0K vs. 232.0K revised</li><li>continuing claims 1.403M vs. 1.475M estimate. Prior week revised down to 1.401M from 1.473M previously reported</li><li>4 week moving average 1.413M vs 1.421M last week</li><li>The largest increases in initial claims for the week ending September 3 were in Oklahoma (+1,935), Pennsylvania (+1,069), Kentucky (+824), Ohio (+659), and Indiana (+610), </li><li>the largest decreases were in New York (-3,662), Michigan (-2,132), Connecticut (-1,285), Alabama (-314), and Virginia (-310). </li></ul><p>The jobless claims data continue to show strength. The peak came around 250K before starting its move back to the downside through the summer.</p><p>/inflation</p>

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

Source: US initial jobless claims 213K vs. 226K estimate

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