Initial Jobless Claims at 15-Year Low

This morning we learned that initial jobless claims dropped to 265,000 last week. That’s the lowest figure since April 15, 2000. It’s also the second-lowest report since December 1, 1973. That means we just had one of the strongest jobs reports in 41 years,

Now I should caution that the jobless claims report tends to be very “noisy,” meaning it bounces around a lot. That’s why it’s important to focus on the larger trend rather than the last one or two data points. Still, the longer trend has been quite impressive, and looks ready to continue.

Posted by on January 29th, 2015 at 2:17 pm

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