- Prior report, 200K revised to 202K
- 4 week moving average initial jobless claims 215K vs 207K prior
- Continuing claims 1306K vs 1305K expected
We're likely seeing the bottoming-out of initial jobless claims at a very low level. The Fed wants to see the jobs market loosen from its extremely tight state. Layoffs have started in tech and mortgage refinance, among other places.