Reply To: Traders Market Weekly: Bear Jitters as Risk Factors Deepen

#37003
Truman
Participant

Initial claims higher than expected

latest weekly initial jobless claims count totaled 218,000 (Briefing.com consensus 200,000), which was above the prior week’s revised count of 197,000 (from 203,000). As for continuing claims, they decreased to 1.317 million from a revised count of 1.342 million (from 1.343 million).

The Philadelphia Fed Index for May decreased to 2.6 (Briefing.com consensus 16.5) from 17.6 in April.