US initial jobless claims data week ending 6 May 2016
– Continued claims 2.161m vs 2.120m exp. Prior 2.121. Revised to 2.124m
– 4 week average 268.25k vs 258.00k prior
That’s a fairly sizeable jump in claims and the 4 week average pops too. We’ll have to keep an eye on this through the month for signs that the US jobs market might be hitting a rough patch.