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Initial Jobless Claims Fell To 209k In July.>

US DATA
US DATA: Initial Jobless Claims Fell To 209k In July 6 Week
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- Initial claims -13k to 209k in July 6 holiday wk vs 221k BBG & MNI
- Unadj initial claims +8,160 to 232,688, below the year ago level
- Seasonal factors expected unadj claims to increase by 23,342 as part 
of the summer retooling 
- Claims largest NSA gains in New York, Michigan  
- Claims 4-wk avg -3,250 to 219,250, would decline next week 
- Cont claims +27k to 1.723m in June 29 wk

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