US DATA: Initial jobless claims +9k to 429k in June 18 employment survey
wk, above expectations of 415k, and following an upward revision to the
prev wk (420k vs prev 414k). Labor analyst noted 6 states estimated due
to technology issue with receiving the data. Claims were at a level of
414k in the May 14 survey wk. Unadjusted claims -5,683 to 394,925 vs
seas. factors’ expectation of -14k. The 4-wk moving avg unch at 426,250
in June 18 wk. Continuing claims -1k to 3.697m in the June 11 wk, low
since the April 16 wk.