US initial jobless claims dropped -26k to 360k in the week ending July 10, matched expectations. That’s the lowest level since March 14, 2020. Four-week moving average of initial claims dropped -14.5k to 382.5k, lowest since March 14, 2020.
Continuing claims dropped -126k to 2341k in the week ending July 3, lowest since March 21, 2020. Four-week moving average of continuing claims dropped -72k to 3376k, lowest since March 21, 2020 too.
