FYI: After four straight weeks where jobless claims came in lower than forecast, we have now seen two straight weeks where jobless claims have disappointed to the upside. Last week, claims came in 10K ahead of forecasts and today’s report showed claims coming in 5K higher than expected. While economists were forecasting claims to fall back down to 240K, the actual reading came in at 245K, which was down 10K from last week’s reading of 255K. Despite the higher than expected reading, claims have now been below 300K for 118 straight weeks.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/jobless-claims-disappoint-again/
