FYI: It used to be that a weekly reading for initial jobless claims that came in below 300K was a big deal. Nowadays, sub-300K readings don’t even raise an eyebrow as the new 300K is 250K. In this week’s report, first-time jobless claims came in at 234K compared to estimates of 238K. Not only is that better than expected, but it also marks the 12th straight week that jobless claims have been at or below 250K. It’s hard to overstate just how impressive this trend is.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/another-week-of-sub-250k-jobless-claims/
