Initial jobless claims for the week ending July 8 decreased by 12,000 to 237,000 (consensus 247,000) while continuing jobless claims for the week ending July 1 increased by 11,000 to 1.729 million.
The key takeaway from the report is the understanding that initial jobless claims continue to run well below recession-like levels, reflecting a continued solid state for the labor market that is supportive of consumer spending growth and the soft landing view.
Treasury yields are little changed from levels seen before the data releases.
The 2-yr note yield is down eight basis points to 4.65%. The 10-yr note yield is down three basis points to 3.82%.