FYI: After three straight weeks of declines, initial jobless claims dropped slightly more than economists were forecasting for their largest weekly decline since April. After hitting a level of just under 300K (296K) last week, jobless claims fell by 15K to 281K this week versus estimates of 283K. With this week’s reading, jobless claims have now been under 300K for 19 straight weeks. That’s the longest streak in 15 years (June 2000).
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/largest-weekly-drop-in-jobless-claims-since-april/
