FYI: Just when you think jobless claims can’t go any lower, they do. In this week’s report, first-time claims came in at a level of 209K compared to forecasts for a reading of 230K. Not only was this week’s print a big beat relative to expectations, but it was also the lowest reading since 1969! With jobless claims posting impressive numbers week in and week out, it’s easy to forget how impressive these weekly reports are, so let us remind you. The current streak of 164 straight weeks of sub-300K prints is the longest such streak on record. Also, it has now been 24 weeks since weekly claims even came in above 250K, and that’s the longest such streak of sub-250K readings since 1973.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/jobless-claims-doing-the-limbo/
