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Initial Jobless Claims Continue To Show No Signs Of Labor Market Stress

Following a decline in job cuts in December (according to Challenger Grey)…

…the number of people applying for jobless benefits for the first time ticked up very modestly from a lower revised number… but remains at very muted levels…

Source: Bloomberg

Continuing jobless claims continued to rebound from the Thanksgiving/Shutdown decline, crossing back above the 1.9 million Maginot Line…

Source: Bloomberg

Nothing here to shift The Fed one way or the other…

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