US initial jobless claims 250K versus 241K estimate

Author: Greg Michalowski | Category: News

Continuing claims 1914K versus 1925K estimate

The initial jobless claims for the current week came in at 250K vs 241K. 
  • Continuing claims 1914K versus 1925K estimate
  •  jobless claims from the prior week revised a touch higher at 247K versus 245K initially reported
  • Continuing claims revised from 1943K to 1951K
  • Claims taking procedures continue to be disrupted in the Virgin Islands. The claims taking process in Puerto Rico has still not returned to normal. 
  • Claims that it can be influenced by nuances from holidays and seasonal adjustments.  They have trended higher over the last few weeks with the 4-week MA coming in at 241.75K vs 238.25K last week.  The next few weeks should give a better reading of the trends.   
  • The largest increases in initial claims for the week ending December 23 were in Kentucky (+9,063), Pennsylvania (+3,590), New Jersey (+3,086), Missouri (+3,038), and New York (+2,611), 
  • The largest decreases were in California (-2,482), Puerto Rico (-1,556), Florida (-361), Minnesota (-357), and Arizona (-320). 

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