August 15, 2024 at 01:30PM
Initial jobless claims 227K vs 235K expected and 233K prior (revised to 234K).
Continuing jobless claims 1864K vs 1875K expected and 1875K prior (revised to 1871K).
This should reinforce further the views that the July NFP report might have been indeed skewed negatively by Hurricane Beryl and that the labour market continues to be resilient.
This article was written by Giuseppe Dellamotta at www.forexlive.com.