US jobless claims was unchanged at 229k last week, in line with the consensus estimate.

• Not seasonally adjusted initial claims fell -2.6k to 205.2k, below a year ago.
• Continued claims increased 9k to 1.881 million, slightly below expectations of 1.890 million. The insured unemployment rate was unchanged at 1.2%.
• Federal employee claims (UCFE) fell -30 to 438, still slightly elevated from a year ago (385).

• Last week, claims jumped 6.8k in Michigan due to layoffs in the manufacturing sector. New York claims normalized, down -15.2k.