US initial jobless claims 221K vs 235K estimate. Continuing claims 1.690M vs 1.750M est.

<p>Initial jobless claims data</p><ul><li>Prior week 228K</li><li>Initial jobless claims 221K versus 235K estimate</li><li>4 week moving average of initial jobless claims 233.75K versus 237.5K last week</li></ul><p>Continuing claims data</p><ul><li>Prior week continuing claims 1.754M revised it to 1.749M</li><li>Continuing claims 1.690M versus 1.750M estimate</li><li>4 week moving average of continuing claims 1.7195M vs 1.7303M last week</li></ul><p>Strong jobs data with both initial jobless claims and continuing claims trending to the downside. </p><p>Yields are moving higher with the 10 year now up 3.8 basis points and the 2 year up 3.9 basis points. US stocks remain higher with the Dow industrial average up 145 points in premarket trading. The NASDAQ index is up 235 points and the S&amp;P index is up up 38.5 points.</p>

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