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Jobless Claims Better Than Expected Again

US DATA
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  • Initial jobless claims printed a seasonally adjusted 207k (cons 215k) in the week to Apr 20 after an unrevised 212k.
  • The four-week average fell 2k to 213k after three weeks at 215k. It’s off January lows of 201k but still low historically vs the 218k averaged in 2019 for perspective.
  • Continuing claims came in at a seasonally adjusted 1781k (cons 1814k) in the week to Apr 13 – covering a payrolls reference period – after a downward revised 1796k (initial 1812k).
  • It leaves continuing claims back at the lower end of their recent narrow range. It’s also the third consecutive beat for initial claims vs the second weekly beat for continuing claims.
  • There doesn’t look anything unusual in the latest non-seasonally adjusted data – see charts.

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  • Initial jobless claims printed a seasonally adjusted 207k (cons 215k) in the week to Apr 20 after an unrevised 212k.
  • The four-week average fell 2k to 213k after three weeks at 215k. It’s off January lows of 201k but still low historically vs the 218k averaged in 2019 for perspective.
  • Continuing claims came in at a seasonally adjusted 1781k (cons 1814k) in the week to Apr 13 – covering a payrolls reference period – after a downward revised 1796k (initial 1812k).
  • It leaves continuing claims back at the lower end of their recent narrow range. It’s also the third consecutive beat for initial claims vs the second weekly beat for continuing claims.
  • There doesn’t look anything unusual in the latest non-seasonally adjusted data – see charts.