Jobless Claims Low. Jobs Sluggish.

Initial Jobless Claims (week ended 7/2/2016)

– New Claims seasonally adjusted 254,000. Previous was 270,000
– New Claims unadjusted, totaled 267,137 an increase of 3,714 from previous
– 4-week Moving Average 264,750. Previous was 267,250

 

ADP Employment Report (June 2016)

– ADP Private Sector Jobs +172,000. Previous was +168,000

 

Challenger Job-Cut Report (June 2016)

– Announced Layoffs 38,536. Previous was 30,157