FYI: Breaking last week’s third straight week of declines, today’s initial jobless claims number came in slightly higher than expected at 213,000. Claims were estimated to rise to 212K off last week’s low reading of 210K. As we have been mentioning the past few weeks, even with this week’s increase in claims, we are still in the midst of multiple impressive streaks. Claims have now been at or below 300K for 182 weeks, at or below 250K for 47 weeks (longest streak since January 1970), and at or below 225K for 8 straight weeks (longest since 1969).
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/jobless-claims-continue-to-fall/
