US initial jobless claims 223K vs 220K estimate

• Prior week initial claims 212.75M
• Initial jobless claims 223K vs 220K estimate. Highest to the 1st week of December 2024
• 4-week MA of initial jobless claims 213.50K vs 212.75K last week
• Prior week continuing claims 1.859M revised to 1.853M
• Continuing claims 1.899M vs 1.862M estimate. The Continuing claims have not been above the 1.900M in 30-weeks
• 4-week MA of continuing claims 1.866M vs 1.865M last week.

The data is showing a little weakness in the jobs with the continuing claims just under 1.900M which we have not seen for 30 weeks.

This article was written by Greg Michalowski at www.forexlive.com.