FYI: Just when you thought last week's Initial Jobless Claims couldn't get much better, this week's release smashed estimates once again! Seasonally adjusted initial claims came in at the lowest reading since September of 1969 at 192K, well below estimates of 205K. That is the third week in a row where claims have come in below forecasts by at least 10K. That is something that has only happened two other times in the past decade; once in 2009 and again in 2014. Whereas this is the second straight week of sub-200K readings, it is also the 80th straight week of readings at or below 250K (the second best streak on record) and 215th below 300K (a record streak). Continuing Claims are mirroring strong initial claims coming in at their strongest level since October of last year.
Regards,
Ted
https://www.bespokepremium.com/interactive/posts/think-big-blog/initial-jobless-claims-keeps-killing-it
