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Initial Jobless Claims Above-Expected (MNI).>

US DATA
US DATA: Initial Jobless Claims Above-Expected (MNI) 218k In June 1 Week
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- Initial claims unch at 218k in June 1 wk vs 215k BBG and 216k MNI
- Upward revision to claims in May 25 week to 218k from 215k prev
- Unadj initial claims -10,397 to 188,697, just below the year ago level
- Seasonal factors expected unadj claims to fall by 10,456 due to holiday. 
- Declines in Michigan, New Jersey; Pennsylvania claims up
- Claims 4-wk avg -2,500 to 215,000, could rise next week
- Cont claims +20k to 1.682m in May 25 week

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