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Continuing Claims Push Higher In Payrolls Reference Week

US DATA
Energy BulletsCommodities
  • Initial jobless claims surprised slightly higher in the week to Feb 24 at a seasonally adjusted 215k (cons 210k) after a marginally upward revised 202k (initial 201k).
  • They continue to run a relatively low four-week average of 213k, down from 216k the week prior but holding a drift off particularly low 203/204k readings in mid-January.
  • Continuing claims, covering the reference week for next week’s payrolls report, saw a larger surprise higher in the week to Feb 17, at a seasonally adjusted 1905k (cons 1875k) after little revised 1860k (initial 1862k). The SA 1905k compares with 1828k from last month’s reference week.
  • Looking in non-seasonally adjusted terms, initial claims are low for this time of year, whilst there is no change for continuing claims compared to last week – they remain higher than levels seen in both 2022 and 2023 but at the lower end of pre-pandemic levels.
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  • Initial jobless claims surprised slightly higher in the week to Feb 24 at a seasonally adjusted 215k (cons 210k) after a marginally upward revised 202k (initial 201k).
  • They continue to run a relatively low four-week average of 213k, down from 216k the week prior but holding a drift off particularly low 203/204k readings in mid-January.
  • Continuing claims, covering the reference week for next week’s payrolls report, saw a larger surprise higher in the week to Feb 17, at a seasonally adjusted 1905k (cons 1875k) after little revised 1860k (initial 1862k). The SA 1905k compares with 1828k from last month’s reference week.
  • Looking in non-seasonally adjusted terms, initial claims are low for this time of year, whilst there is no change for continuing claims compared to last week – they remain higher than levels seen in both 2022 and 2023 but at the lower end of pre-pandemic levels.