Claims and productivity data

Initial jobless claims rose to 219k from 208k and that was 6k more than anticipated. The 4 week average moves to 217k from 213k, a 5 week high but still remains low. Continuing claims though continues to be a focus as it holds near the highest since November 2021 at 1.886mm from 1.850mm in the week before.

No change to the bottom line when it comes to claims that I’ve given for a while now with respect to hiring’s and firing’s.