US initial jobless claims 214K vs 210K expected

• Prior was 208K (revised to 207K)

• 4 week moving average of initial jobless claim 210.75K vs 210.0K last week
• Continuing claims 1,821M vs 1.820M expected
• Prior week 1.809M (revised from 1.818M)

The data continues to show steady – no hire/no fire? – employment trends.

Looking at the continuing claims, the advance number for seasonally adjusted insured unemployment during the
week ending April 11 came in at 1,821,000, an increase of 12,000 from the previous week’s revised level. The previous week’s
level was revised down by 9,000 from 1,818,000 to 1,809,000.

The 4-week moving average was 1,812,250, an increase
of 1,250 from the previous week’s revised average. The previous week’s average was revised down by 2,250 from
1,813,250 to 1,811,000.

On the state side, the largest increases in initial claims for the week ending April 11 were in New York (+8,145), Connecticut (+1,747),
Georgia (+1,288), Virginia (+1,227), and Texas (+1,074), while the largest decreases were in Oregon (-3,773), Illinois
(-2,112), Maryland (-910), New Jersey (-864), and Ohio (-492).

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