A post by @DeItaone on X.
US JOBLESS CLAIMS RISE ABOVE EXPECTATIONS
@DeItaone on X
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US initial jobless claims rose to 200,000 for the week, exceeding the 195,000 forecast and up from a revised 191,000 prior reading. The four-week moving average held at 195,250, while continuing claims came in at 1.697 million, below the 1.710 million expected. The above-consensus headline print signals a modest softening in the labor market even as the smoothed average stayed flat. The data matters for rate expectations because claims remain near historically low levels, keeping the focus on whether the uptick marks noise or the start of a trend. Next week's claims reading and the continuing-claims path will be watched for confirmation.
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US Department of Labor, Walter Bloomberg