While recent residential housing data has been showing some cracks, the employment picture continues to look robust. This week’s latest read on initial jobless claims provides the latest example. Although the report came in slightly higher than expected (217K vs 215K), by just about any measure it’s an extraordinarily low reading. As we update readers every week, this week’s reading marks the 42nd straight week where claims have been at or below 250K and the record 177th straight week where claims have been under 300K.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/no-cracks-in-the-jobs-market/
