Initial unemployment claims is up 2000 to 205,000. It remains at very low levels indicating continued employment strength. To put these levels in perspective, in the last cycle from 2009 to 2020 the first week of claims of 205,000 or lower came in 2018, nine years into the upcycle.
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Continuing claims dropped 1,000 and remains in a holding pattern after an upswing the last 2 months.
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