FYI: After two straight weeks where jobless claims exceeded 250K and concerns started to surface that jobless claims were beginning to trend higher, this week’s print alleviated some of those fears as claims dropped to a six-week low of 234K. As shown in the chart below, this week’s decline also put claims back below the trend that was broken to the upside last week and marks the 109th straight week where claims have been below 300K.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/jobless-claims-back-on-the-decline/
