Daily Three: Jobless Claims Rise, Natural Gas Inventories Surprise Economists and Continuing Claims Rise 7,000
- Jobless claims increased by 14,000 to 266k seasonally adjusted, still remaining below the 300k threshold that is understood to represent a healthy labor market. CNBC
- Natural gas inventories rose by the smallest amount for a summer week since 2006, primarily due to high temperatures across the country pushing A/C use. The Wall Street Journal
- Continuing claims rose by 7,000 to 2.14M generating a 4-week average at the lowest level since November 2000. Bloomberg