US initial jobless claims 217K vs. 220K expected

• US initial jobless claims Jobless Claims Jobless claims are a weekly statistic reported in the United States that represents a key barometer for domestic employment. As one of the most closely watched US indicators, jobless claims carry a lot of weight in financial markets, namely forex and the stock market.Jobless claims are reported on a weekly basis by the Department of Labor. While painting a picture of the overall health of the economy, jobless claims can be broken down into two types.This includes initial jobless claims or person Jobless claims are a weekly statistic reported in the United States that represents a key barometer for domestic employment. As one of the most closely watched US indicators, jobless claims carry a lot of weight in financial markets, namely forex and the stock market.Jobless claims are reported on a weekly basis by the Department of Labor. While painting a picture of the overall health of the economy, jobless claims can be broken down into two types.This includes initial jobless claims or person Read this Term 217K vs. 220K estimate
• 4 week moving average of initial jobless claims 218.75K vs. 219.25K last week (revised from 219K)
• Continuing claims 1.485M vs. 1.450M estimate. Last week unrevised at 1.438M
• 4 week moving average of continuing claims 1.4175M vs. 1.3875M last week
• The largest increases in initial claims for the week ending October 22 were in New York (+1,726), Georgia (+1,301), New Jersey (+1,100), Pennsylvania (+1,062), and Illinois (+1,016),
• The largest decreases were in Missouri (-2,213), Florida (-2,004), Michigan (-804), Tennessee (-628), and Puerto Rico (-510).

The data continues to show a solid employment environment.

The BLS will release their estimate for job growth on Friday with expectations near 205K. That is below the 263K last month, and will be the lowest since June 2022 when the job gain came in at 199K.