FYI: Jobless claims for the latest week came in slightly ahead of forecasts, rising from 260K up to 272K. According to the DoL release, “Hurricanes Harvey and Irma [and Maria] impacted this week’s claims.” While it will be a few more weeks before claims are fully back to their normal trend, when you consider the impact that Katrina and Sandy had back in 2005 and 2012, the fact that claims never got above 300K this time around is really something else. This year we’ve seen three major hurricanes impact US states or territories. With the streak remaining intact, jobless claims have now been under 300K for 134 straight weeks.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/jobless-claims-defy-nature/
