US initial jobless claims 264K versus 245K estimate

• Prior report 242K
• 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 264K versus 245K estimate
• 4-week moving average Moving average A moving average is a statistical tool that is used to smooth out short-term fluctuations in data and reveal longer-term trends. It is calculated by taking the average of a certain number of data points over a specific period of time, and then plotting that average as a line on a chart. The most common types of moving averages are simple moving averages (SMA) and exponential moving averages (EMA).In financial markets, moving averages are often used to analyze stock prices, exchange rates, and ot A moving average is a statistical tool that is used to smooth out short-term fluctuations in data and reveal longer-term trends. It is calculated by taking the average of a certain number of data points over a specific period of time, and then plotting that average as a line on a chart. The most common types of moving averages are simple moving averages (SMA) and exponential moving averages (EMA).In financial markets, moving averages are often used to analyze stock prices, exchange rates, and ot Read this Term of initial jobless claims 245.25K vs 239.25K last week. This is the highest average since November 20, 2021 (249.25K)
• Continuing claims 1.813 versus 1.820M estimate
• 4-week moving average of continuing claims 1.830M versus 1.827M last week.
• The largest increases in initial claims for the week ending April 29 were in Massachusetts (+3,801), Kentucky (+3,659), Pennsylvania (+992), Virginia (+896), and Colorado (+726),
• The largest decreases were in New York (-9,456), Illinois (-2,693), Georgia (-1,278), New Jersey (-783), and Ohio (-505).

The data move to the upside is starting to support weaker employment. The question is can a soft landing still be achieved. Yesterday, Bank of America said that credit card spending decreased especially for high wage earners who have been disproportionately affected by job cuts so far. The data (along with the weaker than expected PPI) support a Fed that is likely to keep rates unchanged.

The 2 year yield is trading down -6.8 basis points to 3.832%. The 10 year yield is trading down 6.8 basis points at 3.367%.

In the US stock market, the Dow is lower by 80 points. Disney shares are weighing on that index. The NASDAQ index is currently up 45 points and the S&P index is trading near unchanged