4-week MA 261.25K vs 263K last week

The weekly US initial jobless claims comes in at 259K vs 265K last estimate. The 4-week MA also declined to 261.25K from 263K last week. Continuing claims came in at 2144K vs 2151K estimate. Last week was revised to 2151K from 2159K.

Overall, a report that suggests employment is still humming along at a steady pace.