FYI: The labor market keeps humming along just fine as seen through this week’s Initial Jobless Claims report. Claims printed below expectations of 220K and lower than last week’s 216K. At 213K on a seasonally adjusted basis, claims are at their lowest since the beginning of December and back within the range that we saw for most of the late summer/early fall of 2018. With further strength this week, the impressive streaks we have noted in the past continue unthreatened. The seasonally adjusted reading has now stayed below 250K for 67 straight weeks. Claims have also come in below 300K for 202 consecutive weeks. Any major shocks to initial claims aside, these streaks look likely to stay healthy for some time.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/claims-continue-to-decline/
