FYI: This week’s Jobless Claims report came in lower than expected as first-time claims dropped to 213K compared to expectations of 220K and last week’s reading of 219K. While 208K remains the lowest weekly print of the cycle, this week’s reading is only 5K above that, which is practically a rounding error when it comes to claims. Updating our weekly look at notable streaks for the headline seasonally-adjusted number, this week’s report is the record 179th straight week of sub 300K readings, the 44th straight week of readings at 250K or below (the longest streak since 1970), and the 5th straight week of readings at or below 220K (longest streak since 1969).
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/more-generational-lows-in-jobless-claims/
