ECON: Jobless Claims Roughly in Line with Consensus
- Claims 333k vs 336k consensus
- 4wk avg to 335k, lowest since Nov 2007
- Continued Claims rose to 3.018 vs 2.950 consensus
- Market Reaction: about 1bp lower in 10yr yields so far and MBS have added a tick
In the week ending July 27, the advance figure for seasonally adjusted initial claims was 326,000, a decrease of 19,000 from the previous week's revised figure of 345,000. The 4-week moving average was 341,250, a decrease of 4,500 from the previous week's revised average of 345,750.
The advance seasonally adjusted insured unemployment rate was 2.3 percent for the week ending July 20, unchanged from the prior week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending July 20 was 2,951,000, a decrease of 52,000 from the preceding week's revised level of 3,003,000. The 4-week moving average was 3,026,000, a decrease of 500 from the preceding week's revised average of 3,026,500.