The number of Americans filing for jobless claims for the first time last week plunged to 201k last week, the lowest since January (with NSA claims at 174k, the lowest since October)...

...And this time it got no help from the distortions in Ohio (fraud) and Minnesota (extended claims) which appear to have normalized...

Indiana saw the biggest drop in claims while New York saw the biggest jump

Additionally, continuing claims continues to slide well below 1.7mm, now back to its lowest since January...

This 'hot' jobs data vindicates Powell's hawkish stance...

...vindicating Powell's hawkish stance.
{ai:summary}<p>Jobless claims in the U.S. hit a record low of 201k last week, with no help from fraudulent or extended claims. Indiana saw a significant drop while New York experienced a major increase. Continuing claims also decreased below 1.7mm, validating Powell's hawkish stance. #economy</p>

Initial & Continuing Jobless Claims Continues To Plunge

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