Initial jobless claims fell to 194k from 200k last week and that was 6k below expectations. It lowered the 4 week average to 198k from 199k. Delayed by a week, continuing claims rose to 1.728mm from 1.703mm but remains well below the above 1.9mm we saw last year.
The bottom line remains the same it’s been most of the year with the modest pace of firing’s as measured here at the same time 5 figure gains in jobs is the new normal vs the historical gains of 6 figures in a normal economic expansion.
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