Macro: Unemployment Claims — Same As It Ever Was

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Initial unemployment claims is up 2000 to 205,000. It remains at very low levels indicating continued employment strength. To put these levels in perspective, in the last cycle from 2009 to 2020 the first week of claims of 205,000 or lower came in 2018, nine years into the upcycle.(Click on image to enlarge)
Continuing claims dropped 1,000 and remains in a holding pattern after an upswing the last 2 months.(Click on image to enlarge)More By This Author:Macro: Existing Home Sales — 4% YoY Median Price Inflation And Rising For Now Macro: Housing Starts — High Construction Activity Continues Macro: Industrial Production – Flat-Lined