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Initial Jobless Claims Above-Expected 227k..>

US DATA
US DATA: Initial Jobless Claims Above-Expected 227k In June 22 Week
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- Initial claims +10k to 227k in June 22 survey wk vs 220k BBG, 219k MNI
- Unadj initial claims +18,173 to 224,092, just above the year ago level
- Seasonal factors expected unadj claims to rebound by 8,741 after drop.
- Claims largest NSA gains in New Jersey and California (estimated)
- Claims 4-wk avg +2,250 to 221,250, could rise further next week
- Cont claims +22k to 1.688m in June 15 survey wk, +26k from May survey wk

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