HomeLive CommentsUS initial jobless claims rose to 218k, continuing claims dropped to 1.317m

US initial jobless claims rose to 218k, continuing claims dropped to 1.317m

US initial jobless claims rose 21k to 218k in the week ending May 14, above expectation of 202k. Four-week moving average of initial claims rose 8k to 199.5k.

Continuing claims dropped -25k to 1317k in the week ending May 7, lowest since December 27, 1969 when it was 1304k. Four-week moving average of continuing claims dropped -22.5k to 1362k, lowest since January 24, 1970 when it was 1361k.

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