US initial jobless claims 239K vs 240K estimate

<ul><li>Prior was 248K revise marginally higher to 250K</li><li>Initial jobless claims 239K vs 240k estimate</li><li>4-week moving average of initial jobless claims 234.25K versus prior week of 231.50K</li><li>Continuing claims 1.716M vs 1.700M estimate</li><li>4-week moving average of continuing claims 1.693M vs 1.701M last week</li><li>The largest increases in initial claims for the week ending August 5 were in Ohio (+5,406), California (+2,363), Texas
(+2,237), New Jersey (+1,622), and Connecticut (+1,288), </li><li>The largest decreases in initial claims were in Missouri (-781), Florida
(-410), Iowa (-335), Arkansas (-198), and Kentucky (-79).</li></ul><p>There is some chatter that the Yellow bankruptcy may have contributed to the spike higher over the last few weeks. </p>

This article was written by Greg Michalowski at www.forexlive.com.