FYI: After coming in at 230K two weeks in a row, seasonally adjusted Initial Jobless Claims fell this week down to 228K. While off of the highest level in recent weeks, this small 2K decline leaves claims still near the upper end of where they have recently been. This comes after two straight weeks in early April where the indicator came in at its lowest level in 50 years. Though it has not made new lows, this was the 69th week with claims below 250K and the 218th week below 300K, so claims still appear healthy.
Regards,
Ted
https://www.bespokepremium.com/interactive/posts/think-big-blog/initial-jobless-claims-remain-higher
