initial jobless claims
  • Prior at 190K was the lowest since April 28, 2022
  • Four week moving average 197.5K vs 206.0K prior
  • Continuing claims 1.675m vs 1.647m prior

This is the lowest since April. Laid off workers are finding it much easier to find a new job than to apply for government benefits. I think that partly speaks to the stagnating rates of government handouts in a world of higher prices and wages.