US initial jobless claims 263K versus 235K estimate

• Prior week 237K
• Initial jobs claims 263K vs 235K estimate. Prior week revised marginally lower to 236K vs 237K prior
• Continuing claims 1.939M vs 1.951M estimate. Prior week 1.939M revised from 1.940M
• 4-week moving average of initial jobless claims 240.50K vs 230.75K

For the continuing claims:

• 4-week moving average of continuing claims: 1,945,750

• Change from prior week: −750

• Previous week’s revised average: 1,946,500 (revised down by 250 from 1,946,750)

The number is the highest since October 2021.

This article was written by Greg Michalowski at investinglive.com.