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US DATA: Further Healthy Jobless Claims Data

US DATA
USGlobalEM BulletFixed Income BulletsData BulletBulletMarketsEmerging Market NewsForeign Exchange BulletsRegionNorth America
  • Initial jobless claims increased to 225k (sa, cons 221k) in the week to Sep 28 after a slightly upward revised 219k (initial 218k).
  • No sign of an impact from Hurricane Helene, which made landfall on the Florida Gulf Coast in the evening of Sep 26 to leave very little time to show in this week’s data. Florida NSA claims for example fell 1.1k to 6.45k.  
  • The four-week average actually dipped another 1k to 224k for a fresh low since May. It is close to the 218k averaged in 2019.
  • Continuing claims meanwhile inched lower to 1826k (sa, cons 1830k) in the week to Sep 21 for healthy consolidation after a downward revised 1827k (initial 1834k). It extends a reasonable pull back away from recent highs of 1871k that had been the highest since Nov 2021.
  • The prior week’s downward revision meant 1827k compared more favorably still to the 1860k for the payrolls reference period for Aug and 1844k for July.
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  • Initial jobless claims increased to 225k (sa, cons 221k) in the week to Sep 28 after a slightly upward revised 219k (initial 218k).
  • No sign of an impact from Hurricane Helene, which made landfall on the Florida Gulf Coast in the evening of Sep 26 to leave very little time to show in this week’s data. Florida NSA claims for example fell 1.1k to 6.45k.  
  • The four-week average actually dipped another 1k to 224k for a fresh low since May. It is close to the 218k averaged in 2019.
  • Continuing claims meanwhile inched lower to 1826k (sa, cons 1830k) in the week to Sep 21 for healthy consolidation after a downward revised 1827k (initial 1834k). It extends a reasonable pull back away from recent highs of 1871k that had been the highest since Nov 2021.
  • The prior week’s downward revision meant 1827k compared more favorably still to the 1860k for the payrolls reference period for Aug and 1844k for July.