US initial jobless claims and continuing claims for the current week
- initial jobless claims 498K versus 538K estimate. Prior week was revised higher by 37K to 590K from 553K and this reported
- four-week moving average of initial jobs claims 560K versus 621K last week. This was the lowest since March 14, 2020
- continuing claims 3690k vs 3620K estimate. Prior week was revised down to 3653k from 3660K previously reported
- four-week moving average of continuing claims 3675.75K vs 3682.50K last week
- During the week ending April 17, 51 states reported 6,862,705 continued weekly claims for Pandemic Unemployment
Assistance benefits and 51 states reported 4,972,507 continued claims for Pandemic Emergency Unemployment
- The largest increases in initial claims for the week ending April 24 were in Virginia (+23,605), Florida (+9,179),
Michigan (+8,234), California (+5,731), and Oregon (+4,064),
The largest decreases were in Texas (-12,673),
Wisconsin (-7,504), Tennessee (-4,063), Georgia (-3,617), and Iowa (-3,026).
The initial claims was the lowest level since March 14, 2020 when it came in at 256K.
This article was originally published by Forexlive.com. Read the original article here.