According to the Department of Labor, initial claims for unemployment fell by 11,000 last week to 346,000. This was essentially in-line with expectations.
The 4-week moving average did increase, however, by 4,500 to 352,500. But it is still close to the lows for 2013, as you can see in this chart from Calculated Risk Blog:
This ho-hum report follows Wednesday's somewhat disappointing report from ADP that showed the economy added just +135K private-sector jobs in May.
So what's your prediction for Friday's Employment Situation Report from the Bureau of Labor Statistics?
The consensus range is between 175K and 185K jobs added. Do you think the report will come in above, below or within this range? Post your response below.
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