FYI: Jobless claims came in higher than expected this week rising from 254K up to 275K, which is the highest weekly reading since early June and well above the 257K consensus forecast. It was also tied for the second largest weekly increase in claims since February. It’s hard to get too worked up about a jobless claims print at 275K, which is low by historical standards, but anytime you see a sizable increase, you have to be on the lookout for any signs that the overall trend is shifting. As it stands now, claims have been under 300K for 94 straight weeks, but if they start to approach or top that 300K threshold, it may cause some uneasiness.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/jobless-claims-spike-to-a-six-month-high/
