Initial jobless claims continues to ignore the 'other crappy data', printing 227k (in line with 230k exp) and basically unchanged at two-month lows...

On a non-seasonally-adjusted basis, initial claims are at their lowest in 10 months!! Of course! Why not.

Continuing claims also dropped (to three month lows)...

So, everything is awesome!

Your government-supplied data tells you so!

...unadjusted initial claims are at their lowest in 10 months...
{ai:summary}Initial jobless claims remained stable at 227,000, consistent with expectations and holding at two-month lows. Non-seasonally adjusted figures are at a ten-month low. Continuing claims also fell to three-month lows.Despite mixed economic indicators, the data suggests a strong job market. #economy

Jobless Claims Data Refuses To Accept 'Hard Landing' Scenario...

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