- Prior was 198K (revised to 199K)
- Continuing claims 1849K vs 1900K expected
- Prior 1884K (revised to 1875K)
This is another stronger than expected report.
The US jobless claims have been pointing to a “low hire, low fire” labour market in 2025 as initial claims remained stable, while continuing claims reached new cycle highs.
More recently, the jobless claims data showed a notable improvement which also triggered a slightly hawkish repricing in Fed rate cuts expectations. In fact, initial claims fell to cycle lows and the uptrend in continuing claims started to reverse
US initial jobless claims 200K vs 210K expected
