US initial jobless claims rose 22k to 231k in the week ending May 4, above expectation of 210k. That’s also the highest level since late August 2023. Four-week moving average on initial claims rose 4.75k to 215k.
Continuing claims rose 17k to 1785k in the week ending April 27. Four-week moving average of continuing claims fell -6.25k to 1781k.
