FYI: Two weeks after seasonally adjusted initial jobless claims came in at the lowest level in 3 months (208K), this week's claims data continued to edge even lower dropping to 206K. This 206K number is now only 13K above the multi-decade low of 193K from the April 12th release. Expectations were actually calling for a small increase to 217K from last week's 216K. This week's drop also gave some headroom to the record streaks below 250K and 300K which grew to 94 and 229 weeks, respectively. Overall, this was a healthy print for claims as it held up near the lower end of the past year's range and helped to reaffirm a trend lower of the past several weeks.
Regards,
Ted
https://www.bespokepremium.com/interactive/posts/think-big-blog/claims-keep-moving-lower
