The initial jobless Claims that measure individuals filing for unemployment benefits for the first time rose 28,000 to 261,000.

The Continuing Claims, those that continue to receive benefits after their initial claim, fell 37,000 to 1.75M. This is a high level and shows that hiring has slowed.

Internationally according to European statistics office Eurostat, the euro zone has entered into a recession in the first quarter of this year. This trend appears to be continuing for the remainder of the year.

Rates have responded to this news in a positive or lower interest rate direction.