- Prior was 222K
- Four-week average at 218.75K from 240K
- Continuing claims 1.992m vs 1.900m expected
- Prior continuing claims 1.954m
Two weeks ago, the 194K reading was the lowest since 1969 and now we've beaten it.
Here's what Goldman Sachs says:
"The decline in initial claims appears to be explained by seasonal factors overstating pre-holiday layoffs, as initial claims rose by 64k to 281k on an NSA basis, their highest level since October."