US initial jobless claims 272K versus 270K estimate

Continuing claims 1934K versus 1993K estimate

The weekly Initial Jobless claims came in at 272K versus 270K. 

  • THe  prior month was revised to 260K versus 259K
  • The Continuing claims came in at 1934K versus 1993K.   bimonthly revised to 1979K versus 1980K
  • Hurricanes Harvey and Irma impacted this week’s claims
  • The Four-week average rose to 277.7 5K versus 268.7 5K

The data is about as expected and still being influenced by the dual hurricanes.  So it will be quirky and not reflective of the normal trends.  Article Source

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