US initial jobless claims 229K vs 215K estimate

• Prior report 229K revised to 232K
• Initial jobless claims Jobless Claims Jobless claims are a weekly statistic reported in the United States that represents a key barometer for domestic employment. As one of the most closely watched US indicators, jobless claims carry a lot of weight in financial markets, namely forex and the stock market.Jobless claims are reported on a weekly basis by the Department of Labor. While painting a picture of the overall health of the economy, jobless claims can be broken down into two types.This includes initial jobless claims or person Jobless claims are a weekly statistic reported in the United States that represents a key barometer for domestic employment. As one of the most closely watched US indicators, jobless claims carry a lot of weight in financial markets, namely forex and the stock market.Jobless claims are reported on a weekly basis by the Department of Labor. While painting a picture of the overall health of the economy, jobless claims can be broken down into two types.This includes initial jobless claims or person Read this Term 229K vs. 215K estimate.
• 4 week moving average initial jobless claims 218.5K vs. 215.75K initially reported last week
• Continuing claims 1.312M vs 1.302M estimate. Prior month revised to 1.309M vs 1.306M initially reported last week
• 4 week moving average of continuing claims 1.317M vs 1.318M last week
• The largest increases in initial claims for the week ending June 4 were in Florida (+2,098), Georgia (+2,060), Pennsylvania (+1,134), Missouri (+1,053), and Illinois (+827),
• The largest decreases were in Michigan (-2,131), Mississippi (-1,723), New York (-631), Oklahoma (-598), and New Jersey (-440).

The initial claims and continuing claims both moved higher than expectations. Employment conditions are weakening. The levels are still very low, but there is some squeaky wheels.