US initial jobless claims 231K vs 220K estimate

<ul><li>Prior week 217K</li><li>initial jobs claims 231K vs 220K estimate. Highest since August 18</li><li>4-week moving average 220.25K vs 212.50K last week.</li><li>Continuing claims 1.865M vs 1.847M estimate. Highest since November 2021</li><li>Prior week continuing claims 1.834M were revised to 1.833M </li><li>4-week moving average of continuing claims 1.823M vs 1.789M </li></ul><p>Are the cracks in the weekly employment numbers beginning to show? The initial claims and continuing claims are starting to move more to the upside. . </p><p>Rates are lower after the data with the two-year down -6.6 basis points at 4.850%. The 10 year is down 6.6 basis points at 4.472%. </p><p>The stock futures are implying lower open but off the lowest levels.</p><ul><li>Dow Industrial Average -47 point</li><li>S&amp;P index -3.2 point</li><li>NASDAQ index -22 points</li></ul><p>The US dollar is moving lower.</p>

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