FYI: Jobless claims have been at historically low levels for quite some time now, and the headline reading has been below 300K for 40 straight weeks. This week’s report, however, exceeded expectations by one of the larger margins we have seen this year. While economists were expecting claims to come in at a level of 270K, the actual level came in at 282K, up 13K from last week. As just another example of how strong weekly jobless claims reading have been, there have only been seven other weeks this year where weekly claims saw a larger increase. This week’s reading was also the highest weekly reading since the first week of July.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/jobless-claims-back-above-280k/
