Jobless Claim Number Below Initial Estimates
At 350K
UPDATE: Initial claims data are out.
Initial claims fell to 350K, below estimates of 360K.
Continuing claims rose to 3206K, slightly above estimates of 3200K.
Last week's initial claims were revised up slightly to 362K from 361K.
According to Bloomberg, claims in 19 states had to be estimated due to the holiday, so next week's figures may be heavily revised.