FYI: Jobless claims unexpectedly rose again this week, rising by 17K to 268K versus consensus estimates of 253K. This marks the second straight week of increases in the high teens and is the largest two-week increase since the first week of May. Even with the increase, though, jobless claims remain comfortably below 300K as they have for the last 91 weeks! Until claims start nearing 300K, the market is unlikely to worry too much on this front.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/jobless-claims-up-for-second-straight-week/
