FYI; This week’s report on jobless claims was slightly higher than expected coming in at a level of 216K versus estimates for 214K, but what has been pretty remarkable is how consistent claims have been over the last four weeks. On 10/19, claims came in at 216K, the next week they were 215K, the week after they fell another 1K to 214K, and now this week they are back at 216K. It’s also important to keep in mind that even though claims were higher than expected, they remain low on a historical basis with a record 193 straight weeks at or below 300K, 58 straight weeks at or below 250K, and 19 straight weeks at or below 225K.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/jobless-claims-steady/
