The continuing claims comes in at 1751K vs 1729K est.
the US initial jobless claims came in stronger-than-expected at 207K versus 220K estimate
- The prior week was revised slightly higher to 215K vs 214K
- the four-week moving average fell to 220.5K vs 223.25K last week
- the continuing claims rose to 1751K versus 1729K. The prior week was revised higher to 1743K versus 1739K
- jobless claims reach the lowest since December 1969
If there is a problem with the jobs situation it is the skills shortage. That was expressed in the Beige Book yesterday.
Meanwhile, Pres Trump tweeted that there is a really big jobs meeting today. I hope it includes something on jobs training/education because there is a disconnect.
