FYI: When it comes to economic indicators, it used to be that weekly jobless claims were one of the most reliable ones to deliver a positive report. In recent weeks, though, that hasn’t been the case as claims have come in higher than expected in each of the last four weeks. In this week’s report, economists were expecting the headline reading to come in at a level of 247K from last week’s reading of 261K, but the actual decline was smaller at just 3K to 258K. The last time jobless claims have been higher than expected four weeks in a row was back in January of last year, and to find the last time claims exceeded forecasts for five straight weeks, you have to go all the way back to November 2013. Despite the weaker than expected readings, however, we would still note that claims remain very low, coming in below 300K for the last 108 weeks.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/another-disappointing-jobless-claims-report/
