HomeLive CommentsUS initial jobless claims dropped to 473k, continuing claims down to 3.66m

US initial jobless claims dropped to 473k, continuing claims down to 3.66m

US initial jobless claims dropped -34k to 473k in the week ending May 8, better than expectation of 487k. That’s the lowest since March 14, 2020. Four-week moving average of initial claims dropped -28k to 534k, lowest since March 12, 2020.

Continuing claims dropped -45k to 3655k in the week ending May 1. Four-week moving average of continuing claims dropped -13k to 3665k, lowest since March 28, 2020.

Full release here.

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