Initial jobless claims continue to show no signs of labor market weakness whatsoever, tumbling from 225k to 207k last week. Unadjusted claims have reversed all of the holiday season surge...

California was the source of the largest decline in initial claims once again...

Initial claims continue to hover near multi-decade lows...

Continuing claims fell last week but remain in a tight range around 1.9 million Americans...

This data just confirms Powell's comments yesterday on the strength of the labor market and offers doves nothing in the way of hope for rate cuts being pulled forward.

Initial jobless claims continue to show no signs of labor market weakness whatsoever...
{ai:summary}<p>Initial jobless claims fell from 225,000 to 207,000, indicating a strong labor market with no signs of weakness. California led the decline, and claims remain near multi-decade lows. Continuing claims also decreased, staying around 1.9 million. </p><p>This data supports Powell's remarks on labor strength, offering little hope for early rate cuts. #economy</p>

Initial Jobless Claims Tumble Back Near Multi-Decade Lows

Loading...