FYI: fter a historic drop which took first time claims down to their lowest level since 1973, jobless claims moved back up into their prior range in the latest week. While economists were expecting first time claims to come in at a level of 250K, the actual reading came in right near the mark at 251K. There’s not much to say about current levels that hasn’t already been said, but we would add that this marks the 90th straight week where claims have been below 300K. That’s the longest streak since 1970 when they went 161 weeks below 300k. Keep in mind, though, that the size of the US population was a lot smaller back then.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/jobless-claims-bounce-back-to-prior-range/
