US weekly initial claims 214K vs. 225K expected

Continuing Claims come in at 1739K vs. 1730K expected

The US initial jobless claims came in better than expected at 214K versus 225K est. The prior week was revised to 232K versus 231K.

• Continuing claims came in at 1739K versus 1730K. The per week was revised higher to 1742K versus 1739K
• the four-week moving average came in at 223K, a decline of 1750 from the previous week (224.75K)
• The largest increases in initial claims for the week ending June 30 were in Massachusetts (+4,795), New Jersey (+4,364), Kentucky (+4,024), New York (+2,771), and Connecticut (+2,642),
• The largest decreases were in California (- 6,404), Pennsylvania (-3,966), Maryland (-2,500), Wisconsin (-1,322), and Oregon (-490).

Continued strength in the US employment picture.