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- US: Weekly Initial Jobless Claims fall to 200K vs. 210K expected
US: Weekly Initial Jobless Claims fall to 200K vs. 210K expected
Weekly initial jobless claims in the US fell to 200,000 in the week ending 28 May, below the expected drop to 210,000 from 211,000 a week earlier, data released by the US Labour Department on Thursday showed. That meant the four-week average number of claims fell to 206,500.
Meanwhile, Continued Claims fell to 1.309 million in the week ending on 21 May, from 1.343 million a week prior, larger than the expected drop to 1.325 million. That meant the insured unemployment rate fell back to 0.9% from 1.0% a week earlier.
Market Reaction
There wasn't really any market reaction specifically to the latest weekly jobless claims data.
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