- Prior week 207K revised to 208K.
- Initial jobless claims 208K versus 212K estimate.
- 4-week moving average of initial jobless claims 210K vs 213.5K last week.
- Continuing claims 1.774M versus 1.797M estimate.
- 4-week moving average of continuing claims 1.789M vs 1.793M last week.
Initial jobless claims remain steady as she goes (you kinda wonder how they can remain so steady for such a long period of time) . Nevertheless job market remains healthy. Fed chair implied that rising unemployment would be a checkmark for potential easing a policy down the road
This article was written by Greg Michalowski at www.forexlive.com.
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