FYI: Initial jobless claims saw their largest weekly increase since mid-December this week, rising from 216K up to 233K. While the 17K increase may be relatively large, you have to keep in mind that last week’s reading was not only the lowest weekly print since the 1970s, but it was also revised lower from an originally reported 220K. At some point, claims just can’t drop any lower. With this week’s reading, claims have now been below 300K for 151 straight weeks!
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/jobless-claims-rise-slightly-less-than-expected/
