US jobless claim for the week of June 29, 2019. Releases a day early because of the July 4th holiday.
The US initial jobless claims for the week of June 29th.
- US initial jobless claims 221K versus 223K estimate. Prior week revised higher to 229K vs 227K
- four-week average 222.25K versus 221.75K
- continuing claims 1686K versus 1675K estimate. Last week 1688K revised higher to 1694K
- 4 week average 1686.5K vs 1688.25K last week
- The largest increases in initial claims for the week ending June 22 were in California (+5,643), New Jersey (+5,580), Massachusetts (+4,660), Connecticut (+3,719), and Maryland (+1,742),
- The largest decreases were in Pennsylvania (-947), Illinois (-738), Puerto Rico (-640), Texas (-587), and New York (-504).
Looking at the chart below (and the 4-week MA, it is off the lows from April which were closer to the 200 level and more toward the range from earlier in the year. So there is some weakening but still healthy.
