HomeLive CommentsUS initial jobless claims dropped to 1.88m, continuing claims rose to 2.28m

US initial jobless claims dropped to 1.88m, continuing claims rose to 2.28m

ActionForex
By ActionForex

US initial jobless claims dropped another -249k to 1877k  in the week ending May 30. Four-week moving average of initial claims dropped -324.8k to 2284k. Continuing claims rose 649k to 21487m in the week ending May 23. Four-week moving average dropped -222.5k to 22446k.

Also released, US trade deficit widened to USD -49.4B in April versus expectation of USD -41.5B. Non-farm productivity dropped -0.9% in Q1 while unit labor costs rose 5.1%. Canada trade deficit widened to CAD -3.3B in April versus expectation of CAD -2.7B.

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