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Initial Jobless Claims Above-Expected 222k..>

US DATA
US DATA: Initial Jobless Claims Above-Expected 222k In June 8 Week
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- Initial claims +3k to 222k in June 8 wk vs 215k BBG and 217k MNI
- Upward revision to claims in June 1 week to 219k from 218k prev
- Unadj initial claims +30,315 to 219,892, just above the year ago level
- Seasonal factors expected unadj claims to rise by 27,364 after dip.
- Gains in California, Pennsylvania, Texas, Florida 
- Claims 4-wk avg +2,500 to 217,750, could rise further next week
- Cont claims +2k to 1.695m in June 1 week

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