*SCALPSWINGSTRADDLE*

[Zephyr]

Jobless Claims
Released On 6/26/2014 8:30:00 AM For wk6/21, 2014
Prior Prior Revised Consensus Consensus Range Actual
New Claims - Level 312 K 314 K 310 K 305 K to 315 K 312 K
4-week Moving Average - Level 311.75 K 312.25 K 314.25 K
New Claims - Change -6 K -4 K -2 K
Highlights
Steady and inching lower is the positive trend for initial jobless claims which fell 2,000 in the June 21 week to 312,000. The 4-week average, at 314,250, has been very steady the past month, holding in a tight range roughly between 310,000 and 315,000.

Continuing claims, reported with a 1-week lag, have also been trending lower. Though up 12,000 in the June 14 week to 2.571 million, the 4-week average is down 13,000 at 2.587 million. This is the 18th straight decline for the 4-week average. The unemployment rate for insured workers is at 2.0 percent, up 1 tenth from the prior week's recovery low of 1.9 percent (revised).

Jobless claims continue to be one of the highlights of the economic calendar, pointing to incremental improvement underway in the nation's jobs market.