FYI: This week's release of Initial Jobless Claims from the U.S. Department of Labor was pretty uneventful as the seasonally adjusted data was in line with expectations at 215K. That is a slight rise from the upwardly revised 212K (originally 211K) last week. That revision means that claims for last week had been unchanged from the prior release. In the past couple months, the seasonally adjusted numbers have seen this sort of pattern before. In the final weeks of April, claims came in at their recent high of 230K two weeks in a row. This was followed by a 2K lower reading of 228K. The weeks since have basically mirrored this with the aforementioned two consecutive weeks of a print of 212K and now this week's 3K rise to 215K. Keeping steady like this, claims have remained below 250K for 72 weeks now, and have been below 300K for 221 weeks now
Regards,
Ted
https://www.bespokepremium.com/interactive/posts/think-big-blog/initial-jobless-claims-steady-again
