US initial jobless claims fell -5k to 227k in the week ending July 5, below expectation of 236k. Four-week moving average of initial claims fell -6k to 236k.
Continuing claims rose 10k to 1965k in the week ending June 28, highest since November 13, 2021. Four-week moving average of continuing claims rose 3.5k to 1955k, highest since November 20, 2021.
