- Jobless claims have continued to tick higher, with this week’s reading rising to 218K, an increase of 21K versus last week’s print which was revised back below 200K to 197K.
- Historically, unadjusted claims have fallen week-over-week more than three-quarters of the time in the current week of the year. However, this year was not one of those occasions, as claims rose to 198.7K.
- Continuing claims have been healthier than initial claims, as the reading has made yet another multi-decade low per the latest release, now down to 1.317 million.
For further details see:
Continuing Claims Keep Falling