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Initial jobless claims above 300K for third week

The Department of Labor’s weekly jobless claims continues to surprise this week as seasonally adjusted initial jobless claims fell to 202K from a revised 212K last week. This comes in complete contrast of what briefly appeared to be a bottoming out of claims earlier this year, as that increase has now been more than erased.

Not "unambiguously good" as Shale states see initial jobless claims spiking. Overall initial jobless claims missed expectations for the 4th week in a row, holding above 300k for the 3d week in a row (for the first time since July). At 307k, this week’s print is below last week’s but well above the 300k expectation.

Initial Jobless Claims came in 4K above expectations at 229K on a seasonally adjusted basis; up from last week’s 223K. This is near the upper end of the range jobless claims have been in for the past few months. It has also now been two months since claims last hit a new low of 200K. On the other hand, this week marks the 210th week that claims have come in below 300K.

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Initial jobless claims missed expectations yet again, staying well above the 300,000 mark for the third week running. The 307,000 jobless claims included 75,000 out of energy-heavy economies in.

There are more reasons this morning for bullish sentiment to continue: new Initial Jobless. the 4-week average just above this range, at 225.5K. But considering that for years we’d been hoping for.

Meanwhile, investors also were paying attention to the Fed’s intervention in money markets, with the New York Federal Reserve.

Initial jobless claims above 300K for third week This marks 63 consecutive weeks of initial claims below 300,000, the longest streak since 1973. [See full report] Today’s seasonally adjusted 278K new claims, down 16K from last week’s 294K, was above theInvesting.com forecast of 275K.

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