US initial jobless claims rose 9k to 227k in the week ended June 23, above expectation of 220k. Four week moving of initial claims rose 1k to 221k.
Continuing claims dropped -21k to 1.705m in the week ended June 16. Four week moving average of continuing claims dropped -3.75k to 1.7195. This is the lowest level since December 1973.
Q1 GDP growth was finalized at 2.0%, revised own from 2.2% and missed expectation of 2.2%. GDP price index was revised up to 2.2%, from 1.9%.
