US: Weekly Initial Jobless Claims fall to 210K vs. 215K expected

Joel Frank Independent Analyst

There were 210,000 initial jobless claims in the US in the week ending on 21 May, according to the latest data from the US Labour Department released on Thursday. That was a little below the expected drop to 215,000 from 218,000 a week earlier.

Continued Claims, meanwhile, rose to 1.346 million in the week ending on 14 May, above expectations for a drop to 1.31 million from 1.315 million a week earlier. The Insured Unemployment rate thus rose back to 1.0% from 0.9%.

Market Reaction

Markets did not react to the latest weekly jobless claims figures, with more focus on the GDP data that was released at the same time.

Author

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

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