US jobless claims increased 14k to 217k last week, slightly above expectations of 210k initial claims. When not seasonally adjusted, claims were up 45.2k to 351.9k. Continued claims fell -18k to 1.86 million, and the uninsured unemployment rate was unchanged at 1.2%. The not seasonally adjusted rate increased 0.1 ppts to 1.5% (vs 1.4% a year ago).