Initial Jobless Claims Continue To Show No Signs Of Labor Market Stress

Following a decline in job cuts in December (according to Challenger Grey)...
 


...the number of people applying for jobless benefits for the first time ticked up very modestly from a lower revised number... but remains at very muted levels...
 

Source: Bloomberg
 

Continuing jobless claims continued to rebound from the Thanksgiving/Shutdown decline, crossing back above the 1.9 million Maginot Line...
 

Source: Bloomberg
 

Nothing here to shift The Fed one way or the other...


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