US Jobless Claims Stable, Housing Starts Drop in April

The video discusses the latest jobless claims and housing starts data in the US, as well as the potential impact of upcoming manufacturing PMI numbers. Jobless claims remained relatively stable, with initial claims at 209,000 and continuing claims at 1,782,000. However, there are suggestions that these numbers might be distorted. Housing starts dropped by 2.8% to 1,465,000, while building permits increased by 5.8%. The video also teases the release of S&P Global US manufacturing PMI services and composite preliminary numbers for May, which are expected to provide more insights into the economic landscape.