US initial jobless claims 248K vs 219K estimate

• Prior week 221K revised to 223K
• 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 248K vs 219K estimate
• 4-week MA initial jobs claims 243.25K vs 253.75K
• Continuing claims 1.593M vs 1.605M estimate
• 4-week MA of continuing claims 1.626M vs 1.634M last week.
• Prior week was revised from 1.6121M to 1.6119M this week (-2K)
• The largest increases in initial claims for the week ending February 5 were in Michigan (+2,884), New Jersey (+406), Kansas (+309), Delaware (+235), and Maryland (+148),
• The largest decreases were in California (-4,247), Kentucky (-3,962), Tennessee (-2,916), Illinois (-2,303), and Indiana (-1,760).

The data is a bit weaker that expectations, but still near lower levels. So no panic in the jobs reports.