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Initial Jobless Claims Below-Expected 216k..>

US DATA
US DATA: Initial Jobless Claims Below-Expected 216k In June 15 Week
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- Initial claims -6k to 216k in June 15 survey wk vs 220k BBG and MNI
- Initial claims were +4k from 212k level in May 18 survey week
- Unadj initial claims -15,210 to 204,976, just below the year ago level
- Seasonal factors expected unadj claims to fall by 9,544 after gain.
- Claims largest NSA drops in California, Illinois; Pennsylvania +2,177 
- Claims 4-wk avg +1,000 to still-low 218,750, could fall next week
- Cont claims -37k to 1.662m in June 8 week, rate still 1.2%

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