FYI: Initial Jobless Claims this week are breathing a sigh of relief after a string of concerningly weak prints. On a seasonally adjusted basis, claims came in at 216K, which was well below consensus expectations of 229K and also down from last week’s reading of 239K. Moving back down towards the lower end of the range the indicator has been at for much of the past year, the seasonally adjusted number has now spent a record 207 weeks under 300K.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/initial-jobless-claims-drop-back-to/
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