US initial jobless claims 272K compared to 270K estimate

Continuing claims 1934K against 1993K estimate

The weekly initial Jobless claims came in at 272K compared to 270K.

  • The previous month was revised to 260K against 259K
  • Continuing claims came in 1934K against 1993K. bi-monthly revised 1979K against 1980K
  • The hurricanes Harvey and Irma affected this week claims
  • The Four-week average increase of 277.7 5K against 268.7 5K

The data is about as expected, and still being influenced by the dual hurricanes. Thus, it will be shifted and does not reflect the normal evolution.

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