US initial jobless claims 200K vs. 210K estimate

• Prior report, 210K revised to 211K
• Initial jobless claims 200K vs. 210K estimate
• 4 week moving average of initial jobless claims. 206.5K vs. 207K last week
• Continuing claims 1.309M vs. 1.325M estimate. Last week revised to 1.343M vs. 1.346M previously reported. This is the lowest level since December 27, 1969 when continuing claims were at 1.304M
• 4 week moving average of continuing claims 1.327K vs. 1.347M last week. This is the lowest average since January 10, 1971 the average came in at 1.310M

With employment strong, the continuing claims continue to trend to the downside and reached new lows now going back to 1969. That should be good for the deficit, but shows the continued strength in the jobs market.

Looking at the stock market Stock Market A stock or equity market is defined as the aggregation of buyers and sellers of stocks, which reflect ownership claims on businesses.These may also include securities listed on a public stock exchange, as well as stock that is only traded privately. Common examples of this include shares of private companies that are sold to investors through equity crowdfunding platforms.Unlike the past, the stock market has grown to include a more mature retail market, though nearly all investment is still don A stock or equity market is defined as the aggregation of buyers and sellers of stocks, which reflect ownership claims on businesses.These may also include securities listed on a public stock exchange, as well as stock that is only traded privately. Common examples of this include shares of private companies that are sold to investors through equity crowdfunding platforms.Unlike the past, the stock market has grown to include a more mature retail market, though nearly all investment is still don Read this Term, the Dow is currently up 108 points. The NASDAQ NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass Read this Term is up 54 points. That is lower than the premarket levels seen earlier in the US session.

The markets are pricing in a 97% chance of a 50 basis point hike in June and a 95% chance of a 50 basis point hike in July.

For September, the expectations is up to 67% for a 50 basis point hike. That is up from a level near 30% was reached last week after Bostic's comments that the Fed may take a breather in September. He has since walked back that comment.