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FYI: After two weeks of increases, jobless claims saw their largest one-week decline since April this week, falling from 232K down to 214K. At 214K, initial claims are just 5K above their cycle low of 209K back on 4/20, but more importantly, claims have now been below 300K for a record 175 straight weeks and at or below 250K for 40 weeks. If that’s not impressive, what is? Regards, Ted
