US initial jobless claims 1006K vs 1000K estimate

  
  Analysis
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US initial jobless claims and continuing claims

  • initial jobless claims 1006K vs 1000K estimate
  • jobless claims four-week average 1068K vs 1175.25K last week
  • continuing jobless claims 14535K vs 14400K estimate
  • continuing claims four-week average 15215K vs 15819.75 last week
Initial jobless claimsThe claims data continues to disappoint with the weekly numbers back above 1 million for the 2nd week in a row after dipping below for one week early in August (to 971).
Continuing claims also was slightly higher than expectations. Nevertheless it was still lower vs. the last week’s revised 14758K number.
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