US initial jobless claims and continuing claims
- prior report
- initial jobless claims 1416K vs 1300K estimate. Prior week revised to 1307K from 1300K previously reported
- 4 week moving average for initial claims 1360.25 vs. 1376.75K last week
- continuing claims 16197K vs 17100K estimate. Last week 17304K vs 17338K previously reported
- 4 week moving average for continuing claims 16197K vs 17304K last week.
The streak of 15 consecutive weeks of initial claims decline has been snapped. Totals of 1.3 million – 1.4 million is still frightening.
US stocks are giving up some of there preopening gains. The major indices are implying near unchanged levels for the 3 major indices currently.
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