Jobless claims reversed the previous week’s gains, falling 21k to 221k, below expectations of 235k.

• This does not include an increase of 1,020 federal employee jobless claims (UCFE) to a total of 1,634.
• Continued claims increased 42k to 1.897 million, above expectations of 1.880 million, and the insured unemployment rate was unchanged at 1.2%.
• Non-seasonally adjusted claims were up 68.8k to 2.231 million, pushing the insured unemployment rate up 0.1 ppt to 1.5%.
• New York saw a large increase of 15.6k initial claims while most states, including DC, reported a decrease in claims.