US weekly initial jobless claims 730k vs 825k expected – ForexLive

Initial jobless claims for the week ending 20 February 2021

  • Prior 861k; revised to 841k
  • Continuing claims 4,419k vs 4,460k expected
  • Prior 4,494k; revised to 4,520k

The headline is lower than estimates and is also better than the previous week at least. The 4-week average for initial jobless claims fell to 807,750 in the week to 20 February from the prior week of 833,250.

That said, claims have sort of hit a floor and we’re seeing this relatively high figure week in, week out. So, there’s that to ponder if you are the Fed.
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The largest increases in initial claims were in Illinois (+28,110), Ohio (+6,563), Idaho
(+4,764), Kansas (+1,744), and California (+1,664).

Meanwhile, the largest decreases were in Maryland (-9,835), Rhode Island
(-6,129), Georgia (-5,854), New Jersey (-4,630), and Texas (-4,234).

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