A post by @FirstSquawk on X.
US CONTINUING JOBLESS CLAIMS ACTUAL: 1697K VS 1718K PREVIOUS; EST 1710K
@FirstSquawk on X
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US continuing jobless claims came in at 1.697 million for the latest week, below both the prior reading of 1.718 million and the 1.710 million estimate. The print marks a modest decline in the number of people receiving unemployment benefits, suggesting the labor market remains resilient. The data matters because continuing claims are a key gauge of how quickly displaced workers are finding new jobs. Watch next week's reading for confirmation of the downward trend and any revisions to prior figures.
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US Department of Labor