Initial US jobless claims 227K vs 227K estimate.Continuing claims 1.700M vs 1.700M est

<ul><li>Prior week 221K. That remained unrevised</li><li>Initial jobless claims came in as expected at 227K. That is an increase of 6000 from the previous weeks on revised 221K</li><li>4 week moving average 228.25K a decrease from 233.75K last week</li><li>Continuing claims 1.700M vs 1.700M estimate.</li><li>+21,000 from the previous week's revised level or 1.679M (was 1.690M previously reported)</li><li>4 week moving average 1.712M vs 1.717 (revised)</li></ul><p>Surprising is that the data came in spot on the estimates. I kind of expect that the release is in error, but looking at it as reported, it is marginally worse than last week's data. Nevertheless, the recent trend is for a stronger jobs market.</p>

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