FYI: Initial jobless claims declined this week falling down to 221K from last week’s reading of 230K and below consensus forecasts of 225K. This week marks the 211th week that claims have come in below 300K. In other words, in spite of short term fluctuations, jobless data is still at healthy levels. 221K sits right within the range of the last month (221K – 230K), indicating that jobless claims seem to have stabilized following big fluctuations around the government shutdown.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/claims-range-bound/
