US initial jobless claims rose sharply by 55k to 286k in the week ending January 15, well above expectation of 215k. Four-week moving average of initial claims rose 20k to 231k.
Continuing claims rose 84k to 1635k in the week ending January 8. Four-week moving average of continuing claims dropped -55k to 1664k, lowest since April 27, 2019.
