Headline Alert
Economic Update: Weekly Jobless Claims
Initial Claims for Unemployment Insurance for the week ending 5/14 fell by 29K to 409K. This was below the consensus estimate for 418K but below last week’s total of 438K.
Continuing Claims for the week ending 5/7 came in at 3.711M vs. 3.711M and last week’s 3.792M.
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