The weekly initial jobless claims
- Initial jobless claims 252K versus 21K estimate
- 4 week moving average 224K versus 217.75K
- Continuing claims 1.667M versus 1678K estimate. Prior month revised higher to 1698K from 1693K
- 4 week moving average 1676K versus 1682.25K
Athough a shock, seasonality’s are likely in play. It will take a few weeks to work its way out and maybe even to the new year.