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SMLL - Initial And Continuing Claims: The Most 'Less Awful' So Far
Direxion Daily Small Cap Bull 2X Shares
This Thursday morning's initial and continued jobless claims continue the trend of "less awful" numbers that resumed last week.
New jobless claims, which fell to under 1,000,000 for the first time on an unadjusted basis last week, declined about 150,000 further to 831,856 (red in the graph below), and on an adjusted basis (blue) declined to 963,000, the first time since the pandemic that number was also under 1 million:
Continuing claims, on both an un-adjusted (red), and seasonally adjusted (blue) basis, also made new pandemic lows under 16 million, at roughly 15.2 million and