US: Initial jobless claims remained low - Nomura

Sandeep Kanihama FXStreet Contributor

US initial jobless claims remained low in the week ended 16 June, inching 3k lower to 218k, points out the research team at Nomura.

Key Quotes

“Importantly, this reference week corresponds to the BLS survey week for the June employment report; the low reading would be supportive of a healthy gain in payroll employment.”

“Continuing claims increased 22k for the week ending 9 June, still 23k below the reading from one month ago. Overall, today’s weekly claims data is consistent with continued labor market strength.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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