Initial jobless claims for the prior week 247K (was 246K)
The US initial jobless claims came in at 260K vs. 250k estimate. The 4-week moving average came in at 251.75K vs 249.25K last week.
US continuing claims for the week of October 8 came in at 2057K versus 2053K estimate. The pprior week was revised to 2050K vs 2046K previously reported.
The claims data is weaker than expected but still shows that employment growth is solid.
