US initial jobless claims 229K vs 230K expected

US initial jobless claims 229K vs 230K expected

• The US weekly initial and continuing claims data

• Prior 235K (revised to 234K)
• Continuing claims 1954K vs 1970K expected
• Prior 1972K (revised to 1961K)

These are good figures, especially considering the lower revision for continuing claims. Jobless claims continue to point to a resilient labour market. Now the focus will switch to the ISM PMIs employment components, the ADP and the NFP report.