Prior week initial jobless claims 217Kinitial jobs claims 218K versus 224K estimatefour week moving average of initial jobless claims 221K vs 224.5k last weekprior week of continuing claims 1.955Mcontinuing claims 1.946M vs 1.955M estimatefour week moving average of continuing claims 1.949M vs 1.954M
The initial claims continue to show a steady, solid jobs picture. The initial jobs claims are near the lows of the range. The continuing claims dipped once again but remains near higher levels.
Chair Powell said yesterday that they supply and demand of workers is remaining steady which has kept the jobs sector fairly stable but still solid
Tomorrow the US jobs report will be released.
This article was written by Greg Michalowski at investinglive.com.