Weekly initial jobless claims data

initial claims and 4 week ma
  • Prior was 394.5K
  • Four week moving average to 382K from 394K
  • Continuing claims 3.241m vs 3.339m prior. Lowest level since March 21, 2020 when it was 3094K
  • 4- week MA 3376K vs 3447.75K last week (revised from 3440.75K).
  • The largest increases in initial claims for the week ending July 3 were in Puerto Rico (+6,722), Pennsylvania (+5,296), New York (+4,730), Texas (+4,645), and California (+2,588),
  • The largest decreases were in Oklahoma (-2,461), Massachusetts (-1,778), Washington (-1,596), Connecticut (-1,563), and Virginia (-1,371).
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