FYI: The Department of Labor's weekly jobless claims continues to surprise this week as seasonally adjusted initial jobless claims fell to 202K from a revised 212K last week. This comes in complete contrast of what briefly appeared to be a bottoming out of claims earlier this year, as that increase has now been more than erased. Not only is this print of 202K the 213th week below 300K, but it is also a low for the current cycle. Even more impressive, it is the lowest weekly claims number in nearly 50 years!
Regards,
Ted
https://www.bespokepremium.com/interactive/posts/think-big-blog/jobless-claims-what-highs
