HomeLive CommentsUS initial jobless claims rose 11k, continuing claims dropped 45-year low

US initial jobless claims rose 11k, continuing claims dropped 45-year low

ActionForex
By ActionForex

US initial jobless claims rose 11k to 222k in the week ended May 12, slightly above expectation of 215k. Four week moving average dropped 2.75k to 213.25k, lowest since December 13, 1969. Continuing claims dropped -87k to 1.71m in the week ended May 7, lowest since December 1, 1973.

Philadelphia Fed Business outlook rose to 34.4 in May, up from 23.2, better than expectation of 21.1.

From Canada, international securities transactions rose to CAD 6.15b in March.

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