FYI: Seasonally adjusted jobless claims rose after dropping last week to the lowest level in three months (which was revised up to 207K). With a reading of 215K, claims came in slightly above estimates of 214K. While claims are currently at the lower end of the past year's range, other than a few spikes higher and lower, there has been no significant consistent trend higher or lower over the past 12 months (gray shaded chart below). That does not mean the data has not been healthy though as claims have remained at or below 250K and 300K for record streaks of 95 and 230 weeks, respectively.
Regards,
Ted
https://www.bespokepremium.com/interactive/posts/think-big-blog/claims-still-low-but-not-a-new-low
