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INITIAL JOBLESS CLAIMS UNEXPECTEDLY SPIKE

Rob Wile   

INITIAL JOBLESS CLAIMS UNEXPECTEDLY SPIKE
Stock Market1 min read

unemployment jobless career

REUTERS/Robert Galbraith

Initial jobless claims spiked upward to 368,000.

Consensus was for 320,000.

And that's up from a revised 300,000 last week.

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That revision erased the "2-handle" we got from an initial estimate of 298,000 last week, the first time we'd seen a sub-300,000 print since September.

The four-week moving average was 328,750, an increase of 6,000 from a revised 322,750.

Continuing claims also bumped higher, to 2,791,000, versus a revised 2,751,000 last week and consensus 2,757,000.

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