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Initial Jobless Claims Below-Expected In 18.>

US DATA
US DATA: Initial Jobless Claims Below-Expected 211,000 In May 18 Week
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- Initial claims -1k to 211k in May 18 survey wk vs 215k BBG and MNI
- Claims were +18k from 50-year low 193k in April 13 survey week 
- Unadj initial claims +3,025 to 191,289, below the year ago level
- Largest unadj state gain in Ohio (+4,228 to 10,0001) 
- Seasonal factors had expected unadj claims to rise by 4,462
- Claims 4-wk avg -4,750 to 220,250 and likely to fall again next week
- Continuing claims +12k to 1.676m in May 11 wk

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