U.S Jobless Claims

By @ibtimes on

The U.S. Labor Department released the Initial Jobless Claims for the week ending May 7, where the index rose by 434 thousand compared to the prior revised estimate of 478 thousand and worst than expected estimate of 430 thousand.

while continuing claims for the week ending April 30, came in higher than expected at 3.756 million compared to the prior revised estimate of 3.751 million, and median estimates of 3.700 million.

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