Initial jobless claims and continuing claims
- initial claims 742K vs. 700K estimate
- continuing claims 6372K vs. 6400K estimate
- ironically, the initial claims 4 week moving average is the same as the number today at 742K. That is down from 755.75K last week
- continuing claims 4 week moving average 7054.5 K vs. 7579.5 K last week
- pandemic unemployment assistance 320.237K vs. 296.374K last week
- Continuing PUA claims 8.7 vs 9.4 two weeks ago
The gain in initial claims is the 1st after 4 straight declines. It may be a precursor to increases due to surging pandemic and new business restrictions. Note that this is non-farm payrolls survey week.
