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Continuing Claims Close To Expectations, Keeping To Prior Trends

US DATA
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  • Continuing claims meanwhile were almost exactly as expected at a seasonally adjusted 1794k (cons 1793k) in the week to May 11 after a downward revised 1786k (initial 1794k).
  • The seasonally adjusted figures remain firmly within the narrow range seen since August, below the mid-Jan high of 1829k.
  • In non-seasonally adjusted terms, the 1694k in the week to May 11 drifts a little higher above comparable levels from 2023 plus also 2018-19, and remains far higher than 2022 levels, but there’s no sign of a meaningful break higher compared to the relative trends seen in recent months.

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  • Continuing claims meanwhile were almost exactly as expected at a seasonally adjusted 1794k (cons 1793k) in the week to May 11 after a downward revised 1786k (initial 1794k).
  • The seasonally adjusted figures remain firmly within the narrow range seen since August, below the mid-Jan high of 1829k.
  • In non-seasonally adjusted terms, the 1694k in the week to May 11 drifts a little higher above comparable levels from 2023 plus also 2018-19, and remains far higher than 2022 levels, but there’s no sign of a meaningful break higher compared to the relative trends seen in recent months.