Jobless Claims Continue To Hover (Miraculously) Near Record Lows
Layoff announcements continue day after day and WARNs are on the rise, but initial jobless claims continues to trend along in very smooth manner (too smooth)...
Source: Bloomberg
NSA initial claims dipped notably last week...
Source: Bloomberg
And continuing claims have been flat around 1.8mm Americans for months...
Source: Bloomberg
This data continues to confound.