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US Initial #Jobless Claims May 7:
203K (est 193K; prev 200K; prevR 202K)
US Continuing Claims Apr 30:
1343K (est 1372K; prev 1384K; prevR 1387K)4 week moving average of initial jobless claims 192.7 5K vs. 188.5 K last week (revised from 188.0 K)
continuing claims 1.343 million vs. 1.380 million estimate. Prior week 1.387 million revised up from 1.384 million previously reported. The continuing claims is the lowest since January 3, 1970
4 week moving average of continuing claims 1.385M vs. 1.418M. The 4 week moving average is the lowest since January 31 at 1970The largest increases in initial claims for the week ending April 30 were in New York (+7,329), Illinois (+3,140), Kentucky (+1,152), Michigan (+1,092), and New Hampshire (+469),
The largest decreases were in Massachusetts (- 3,029), California (-2,816), New Jersey (-2,466), Connecticut (-2,319), and Ohio (-2,018).US initial jobless claims 215K vs. 215K estimate
Prior report 218K
4-week initial claims moving average 206.75K vs 199.5K last weekContinuing claims 1.346M vs. 1.310M estimate
4-week continuing claims moving average 1.347M vs 1.362M last week
The 4 week moving average of continuing claims is at the lowest level since January 17, 1970.The largest increases in initial claims for the week ending May 14 were in Kentucky (+6,712), California (+1,968), Illinois (+1,742), Ohio (+1,189), and Florida (+629),
The largest decreases were in Michigan (-384), Georgia (-325), Colorado (-301), Arizona (-278), and District of Columbia (-251).
Continuing claims data is for the survey week for the next month BLS jobs report.
US May nonfarm payrolls rose by 390,000 (consensus 391,000) with April’s also a revised 428K new jobs. May unemployment rate was 3.6% (consensus 3.5%)
[See the full post at: US Shows Solid Job Gains in May but at Slowest Pace of Growth in a Year]
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