The initial and continuing jobless claims for the current week shows:
- Prior week initial claims 224K
- initial jobs claims 235K vs 225K estimate
- 4-week MA of initial jobless claims 226.25K versus 221.75K last week
- Prior week continuing claims 1.953M
- Continuing claims 1.972M vs 1.960M estimate
- 4-week MA of continuing claims 1.954M versus 1.948M last week
The data this week is for the survey wait for the BLS jobs report to be released in early September. The tick up in both the initial jobs claims and continuing claims from a month ago suggests some further weakness might be expected. However the supply and demand of workers is a big influence as a result of changes in immigration.
This article was written by Greg Michalowski at investinglive.com.