Initial jobless claims and continuing claimsiinitial jobless claims

  • Initial jobless claims 900K vs 935K estimate. Last 926K revised lower from 965K
  • Continuiing claims 5054K vs 5300K estimate. Last 5181K revised lower from 5271K.
  • 4 week avg of initial claims 848K vs 824.5K
  • 4 week avg of continueing claims 5126.25 vs 5193.25K previous week
  • The largest increases in initial claims for the week ending January 9 were in Illinois (+49,557), Kansas (+22,128), California (+21,636), Texas (+18,732), and New York (+16,204),

  • The largest decreases were in Colorado (-10,996), Michigan (-5,802), Kentucky (-5,542), Louisiana (-4,868), and Washington (-2,573).

  • Pandemic Unemployment assistance 3,026,952 vs 4,166,261 last week

initial claims

Overall, the data is a bit better than last weeks sharp spike higher and the prior month was revised lower, but 900K is still a large number.