US initial jobless claims rose to 218k, continuing claims dropped to 1.317m
US initial jobless claims rose 21k to 218k in the week ending May 14, above expectation of 202k. Four-week moving average of initial claims rose 8k to 199.5k.
Continuing claims dropped -25k to 1317k in the week ending May 7, lowest since December 27, 1969 when it was 1304k. Four-week moving average of continuing claims dropped -22.5k to 1362k, lowest since January 24, 1970 when it was 1361k.
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