FYI: Time and time again throughout the economic recovery there’s been a pattern that whenever it seems as though economic data is showing cracks, jobless claims come in and bail us out. It happened again this week when Jobless Claims dropped by 19K back down to 238K and below the consensus forecast of 248K. This now makes it 113 straight weeks that claims have been below 300K, and as shown in the chart below, the downtrend that has been in place for several months has once again halted an upward move in claims.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/old-faithful-jobless-claims/
