US INITIAL JOBLESS CLAIMS LOWER THAN EXPECTED
US INITIAL JOBLESS CLAIMS LOWER THAN EXPECTED
Initial jobless claims came in at 220K, below the 225K estimate.
Prior week's initial claims were revised to 222K from 221K.
The 4-week moving average for initial claims is 226K, up from 224.5K last week.
Continuing claims totaled 1.870M, below the 1.900M estimate.
The 4-week moving average for continuing claims is 1.872M, slightly up from 1.866M last week.
Claims data suggests solid and steady employment.
