Initial jobs claims
  • Prior week initial jobless claims 217K
  • initial jobs claims 218K versus 224K estimate
  • four week moving average of initial jobless claims 221K vs 224.5k last week
  • prior week of continuing claims 1.955M
  • continuing claims 1.946M vs 1.955M estimate
  • four week moving average of continuing claims 1.949M vs 1.954M

The initial claims continue to show a steady, solid jobs picture. The initial jobs claims are near the lows of the range. The continuing claims dipped once again but remains near higher levels.

Chair Powell said yesterday that they supply and demand of workers is remaining steady which has kept the jobs sector fairly stable but still solid

Tomorrow the US jobs report will be released.

Source: Forex Live