- Claims came in at 166K which tied the number from two weeks ago (after revisions) for the second-lowest reading on record behind the week of 11/29/68. That week’s reading was only 4K lower.
- As for continuing claims, this week’s reading was higher rising from 1.506 million to 1.523 million. Having come off last week’s low, that remains one of the strongest levels since 1970.
- Pivoting back to initial claims, while adjusted claims are at multi-decade lows, non-seasonally adjusted claims are very healthy but not quite at a record.
For further details see:
Near Record Low In Jobless Claims