US initial jobless claims 216K versus 226K estimate

Author: Greg Michalowski | Category: News

Continuing claims  1722K versus 1740K estimate

The weekly US initial jobless claims, and better than  expected at 216K versus 226K estimate. A lower number of  jobless claims indicates a stronger employment picture.

  • prior week was revised a bit higher to  233K versus 231K 
  • The 4-week moving average was 221,750, an increase of 2,500 from the previous week's revised average. The previous week's average was revised up by 500 from 218,750 to 219,250. 
  • Continuing claims came in at 1722k vs 1740K estimate. The prior week was revised higher at 1750K vs 1740K last.
  • The 4-week moving average was 1,721,250, an increase of 15,250 from the previous week's revised average. 
  • The largest increases in initial claims for the week ending December 29 were in Michigan (+7,997), New Jersey (+7,845), Pennsylvania (+7,367), Connecticut (+5,472), and Ohio (+4,835), 
  • The largest decreases were in California (-10,107), Texas (-4,804), North Carolina (-1,667), Florida (-1,315), and Arizona (-970). 

The data is strong, but holidays can cause volatility and the shut down could also be an impact. I would guess, the shut down would be a negative so the lower number is still consistent with  stronger employment. 

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