US initial jobs claims 351K vs 320K estimate

Author: Greg Michalowski | Category: News

US initial jobs claims and continuing claims

Initial jobs claims
  • Prior week 332K revised to 335K
  • Initial jobs claims 351K versus 320K estimate four week moving average
  • four week moving average 335.75K
  • continuing claims 2.845M vs 2.65M estimate
  • prior week was revised to 2.714M vs 2.665M previous
  • four week moving average 2.804M vs 2.819.75M
  • The largest increases in initial claims for the week ending September 11 were in Louisiana (+4,318), District of Columbia (+3,783), Arizona (+3,739), Maryland (+2,018), and Missouri (+1,658), 
  • The largest decreases were in Illinois (-7,481), California (-5,950), Ohio (-4,665), Texas (-3,635), and Virginia (-2,357). 

The report coincides with the BLS jobs report survey for the next US job report. If that is the case this report suggests a so so employment report. However, Fed's Powell said that he is not looking for stellar jobs report just advancing ones, suggesting it is full steam ahead regardless of the ebbs and flows in the jobs reports going forward. 

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