US Initial jobless claims 412K versus 360K estimate

News

Initial jobless claims and continuing claims for the current week

  • Prior week
  • Initial jobless claims 412K versus 360K estimate. The prior week was revised marginally lower to 375K from 376K
  • 4-week moving average of initial jobless claims 395K versus 403K last week. This is the lowest since March 14, 2020
  • Continuing claims 3518K versus 3425K estimate. The prior week was revised higher to 3517K from 3499K last week
  • 4-week moving average of continuing jobless claims 3603.75K vs 3658.75K last week. This is the lowest since March 21, 2020
  • The largest increases in initial claims for the week ending June 5 were in Illinois (+5,715), Ohio (+2,296), Delaware
    (+1,720), and Tennessee (+1,159), 
  • The largest decreases were in Pennsylvania (-23,633), California (-19,120),
    Oklahoma (-3,788), Texas (-3,299), and New Jersey (-2,985).
  • For the full report CLICK HERE

Disappointment for the jobless claims numbers at this week with the number moving back above the 400,000 level.

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