US initial jobless claims in continuing claims
- Initial jobless claims 364K versus 390,000 estimate. Prior week revised to 415K vs 411 last week. The data is the lowest since March 14, 2020
- 4-week moving average of initial jobless claims 392.75K vs 398.75K.
- Continuing claims rises to 3469K vs 3382K estimate. The prior week was revised 23K to 3413K from 3390K previously reported (was a record low last week)
- 4-week moving average of continuing claims came in at 3481.75K vs 3556.75. The 4-week moving average is at the lowest level since March 21, 2020.
- The largest increases in initial claims for the week ending June 19 were in Pennsylvania (+14,715), Michigan (+1,862),
and Texas (+1,814),
- The largest decreases were in Illinois (-4,762), California (-4,112), Ohio (-2,955), Florida
(-2,229), and Georgia (-1,826).
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Some 24 states have stopped the supplemental claims from being paid out ahead of the September proposed end date.