DFAT - Claims Come Off The Lows

• Initial jobless claims have come off of multi-decade lows in the past few weeks, with the most recent print back up to 200K.
• Continuing claims set a new low in the most recent print, falling below 1.4 million for the first time since February 1970.
• Claims will likely continue to fall modestly in the coming weeks, before running into some seasonal headwinds in the late spring and early summer.

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