US initial jobless claims rose 11k to 234k in the week ended May 19, above expectation of 220k.
Four-week moving average of initial claims rose 6.25k to 219.75k.
Continuing claims rose 29k to 1.741m in the week ended May 12.
Four-week moving average of continuing claims dropped 23.25k to 1.752m, hitting the lowest since 1973.
