Fifth Consecutive Pandemic Low For Weekly U.I. Claims
Claims came in at 267K (SA) / 254K (NSA), down -0.7% w/w / up +6% w/w, respectively, as the downtrend remains intact
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HEDGEYE FINANCIALS WEEKLY LABOR MARKET READING
The domestic economy is reopening, labor markets progress towards normalization, and pandemic-related uncertainty is fading. We continue to see a strengthening in the down trend of initial claims data as it is 0.7% below the pandemic low and 4% above pre-pandemic levels.