US initial jobless claims rose 22k to 264k in the week ending May 6, above expectation of 245k. That’s the highest level since October 30, 2021. Four-week moving average of initial claims rose 6k to 245k, highest since November 20, 2021.
Continuing claims rose 12k to 1813k in the week ending April 29. Four-week moving average of continuing claims rose 2k to 1830k.
