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Initial Jobless Claims Jan 30, 2020

Initial Jobless Claims
There were 216,000 individuals who filed for unemployment benefits for the first-time last week. This was 7,000 lower than the previous report, but that report was revised higher by 12,000 from 211,000 to 223,000. This is important because the previous report was the “sample week” used in the Jobs Report estimates and modeling that will come out next on February 7th. The revision higher would point to a bit of a softer Jobs number from that aspect, but there are many other contributors and pieces to the puzzle that make up the overall job creation number.
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