initial jobless claims
- Prior was 212K (revised to 213K)
- Four-week moving average 212.25K vs 218.5K prior
- Continuing claims 1.862m vs 1.895m prior
There is an argument that laid off workers are less-likely than ever to file for jobless benefits because the payments are so low relative to history and because jobs are still fairly easy to find.
This week is non-farm payrolls survey week so the strength is a good sign and the US dollar has perked up further.