FYI: This week’s initial jobless claims data came in without any surprises and little changed after some large movements only a few weeks ago. Claims came in this week at a seasonally adjusted 216K, down 1k from a revised 217K for the prior week. This is right in line with consensus economist expectations for 216K. This week marks the 64th week in a row that claims have come in at or below 250K. The indicator is also closing in on 200 weeks in a row of coming in below 300K. This week is the 199th week below that level. It should have no problem hitting that milestone this time next week.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/no-surprises-from-jobless-claims/
