STOCK AND POLICY
Sixth Consecutive Pandemic Low Weekly U.I. Claims
Claims came in at 268K (SA) / 239K (NSA), down -0.4% w/w / down -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 0.4% below the pandemic low and 5% above pre-pandemic levels.