Initial jobless claims:
Prior week initial jobless claims 247K revised to 248KInitial jobless claims 248K versus 240K estimate. Highest since October 20244 week moving average of initial jobless claims 240.25K versus 235.25K last weekContinuing claims:
The initial jobless claims and continuing claims are trending to the upside.
Below is a chart of the continuing claims as it breaks to the upside indicative of a weaker job market.
The largest increases (a week delayed from this data) in initial claims for the week ending May 31 were in Kentucky (+3,967), Minnesota (+2,364), Tennessee (+1,764), Ohio (+1,271), and North Dakota (+593), while the largest decreases were in Michigan (-3,783), Massachusetts (-1,585), Florida (-1,456), Iowa (-1,074), and Nebraska (-1,065).
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( US initial jobless claims 248K versus 240K estimate )
Also on site :
- ‘She lit up the classroom’: First British victims of Air India plane crash named after 241 killed
- Increased ICE detentions and deportations create climate of fear and stress
- Numbrix 9 - June 13