The number of Americans filing for jobless claims for the first time plummeted last week to 199k – the lowest since the Thanksgiving week plunge and pretty much the lowest since
Source: Bloomberg
Sub-200k levels are rare and go back to 1969 lows…
Source: Bloomberg
Continuing jobless claims also dipped last week and is below the 1.9 million Maginot Line…
Source: Bloomberg
The ‘no hire, no fire, no quits’ labor market continues.
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