Claims data, don't let go...
Initial jobless claims fell by a sharp 20k w/o/w to just 201k, well below the estimate of 225k. This brings the 4 week average to 217k from 225k in the week before and that’s the lowest since February. Continuing claims fell by 21k to 1.66mm which is the least since January.
Keep reading with a 7-day free trial
Subscribe to The Boock Report to keep reading this post and get 7 days of free access to the full post archives.