FYI: While they haven’t seen much of an increase in the first place, initial jobless claims fell by 11K this week, dropping down to 225K compared to the consensus forecast of 236K. At current levels, weekly claims are just 2K higher than the cycle low of 223K that we saw on 10/13/17. That now makes it 145 straight weeks (or nearly three years) since claims were last above 300K. We’re simply out of adjectives to describe how amazing of a streak this is given the size of the US labor force.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/jobless-claims-back-near-cycle-lows/
