Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Initial Jobless Claims Crash To 2nd Lowest Level On Record (55 Years)

Courtesy of ZeroHedge View original post here.

Last week saw just 166k Americans file for first time jobless benefits – that is the lowest level since the week after Thanksgiving in 1968 (which is typically a seasonal dip)…

Source: Bloomberg

..and apart from that one print, the labor market has never been tighter (according to the Labor Department's claims data) in its 55 year history.

New York, DC, and Arkansas saw the biggest falls in claims while Tennessee, Hawaii, and Wisonsin saw the biggest increase…

On the other hand, continuing jobless claims spiked last week from 1.506mm (lowest since Jan 1970) to 1.523mm

Notably this new series includes massive historical revisions…

But still, that doesn't affect the latest record low print.

Get back to work Mr.Powell (oh and while we are at it, Mr.Schumer, why do we need to extend the moratorium on student loan repayment if everything is this awesome?)


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!