Weekly US initial jobless claims data
– Prior was 239K (Revised to 238K)
– Continuing claims 2060K vs 2068K expected
When you take a step back and look at claims data; it’s really, really low. That’s something that’s gotten a bit lost in the Fed’s fixation on non-farm payrolls. There are jobs out there for American workers, whether they’re good jobs that pay enough is a different story.