Continuing claims 1707K vs 1720K expected
The US initial jobless claims came in at 203K versus 213K expected. The prior week came in at 213K.
- initial claims is the lowest since December 6, 1969 when it was 202K
- the four-week moving average was 209.5K. Down from 212.25K last week. This is the lowest level for this average since December 6, 1969 when it was 204.5K
- The Continuing claims came in at 1707K vs 1720K expected. Last week, the number was revised to 1710K vs 1708K previously reported.
- The largest increases in initial claims for the week ending August 25 were in New York (+4,853), Michigan (+927), Pennsylvania (+582), Washington (+556), and Oregon (+364),
- The largest decreases were in California (-1,432), New Jersey (-905), Georgia (-532), Ohio (-365), and North Carolina (-214).
