Reply To: Traders Market Weekly: Geopolitics, ECB and Apple

#42856
Truman
Participant

Initial claims for the week ending August 27 decreased by 5,000 to 232,000 (consensus 250,000) while continuing jobless claims for the week ending August 20 increased by 26,000 to 1.438 million.
There were downward revisions for initial claims and continuing claims in the prior week, too.

The key takeaway from the report is that the low level of initial claims is indicative of a tight labor market that continues to run afoul of the Fed’s effort to induce softer labor market conditions.

The four-week moving average for initial claims decreased by 4,000 to 241,500.
The four-week moving average for continuing claims increased by 4,500 to 1,428,500.
The total number of continued weeks claimed for benefits in all programs for the week ending August 13 was 1,438,128, a decrease of 10,407 from the previous week. In the same week a year ago, there were 12,186,219 weekly claims filed for benefits in all programs.