FYI: In last week’s update on weekly jobless claims, we described the trend in claims as “doing the limbo.” Taking the analogy one step further, this week we ask, “How low can they go?” First-time jobless claims came in at 211K this week versus estimates for a level of 225K. Last week’s print of 209K was the lowest weekly reading since 1969, and this week is the second lowest! With another week of sub-300K readings, the record streak has been extended to 165, while the streak of sub 250K readings is now up to 24, which is the longest since 1973.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/jobless-claims-how-low-can-they-go/
