US initial jobless claims 245K vs 245K estimate

• Prior week initial claims 248K revised 250K (highest since October 2024)
• Initial jobless claims 245K vs 245K estimate.
• 4-week moving average for initial claims 245.5K versus 240.25K
• Prior week continuing claims 1.951M revised from 1.956M
• Continuing claims 1.945M vs 1.932M estimate. 4th consecutive read over 1.900M
• 4-week moving average for continuing claims 1.926M vs 1.913M last week

The claims data is a week early due to the Juneteenth holiday tomorrow, where federal offices, banks and the US stock and bond markets will all be closed.

Looking at the chart of initial claims, the value still remains within the ups and downs that have prevailed going back in time. The highfrom October reached 260K

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