Weekly US initial jobless claims
- Initial jobless claims K vs 260K estimate.
- Prior week 268K (revised to 270K)
- 4 week moving average 252.25K versus 272.75K. This is the lowest since March 14, 2020 when it was at 225.5K
- Continuing claims 2.049M vs 2.033M estimate
This is the lowest reading since 1969. That's a remarkable number and will certainly nudge the Fed towards tapering more quickly.
