FYI: After a brief scare in early May where first-time claims spiked up to 294K, jobless claims have resumed their downward trend going five straight weeks without a weekly increase. In this week’s report, economists were expecting first-time claims to come in at a level of 270K, but the actual reading came in at 264K. That reading is still 16K above the multi-decade low of 248K from mid-April, but it’s down 30K from the recent high on 5/6.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/jobless-claims-resume-downward-trend/
