Takeaway: Claims came in at 199K (SA) / 259K (NSA), down -26% w/w / up +8% w/w, respectively, as the downtrend remains intact

Below is a complimentary research note from our Financials analyst Josh Steiner. Check out Josh's product Financials Sector Profor the latest financial updates. Click HERE to learn more. 

Weekly U.I. Claims Hit New Cycle Lows - 11 24 2021 1 14 56 PM

HEDGEYE FINANCIALS WEEKLY LABOR MARKET READING

The domestic economy is reopening, labor markets progress towards normalization, pandemic-related uncertainty is fading, and pandemic benefits are ending. We continue to see a strengthening in the down trend of initial claims data as it is has reached new cycle lows and is -22% below when the pandemic started. 

Weekly U.I. Claims Hit New Cycle Lows - summary 

Weekly U.I. Claims Hit New Cycle Lows - initialClaims 

Weekly U.I. Claims Hit New Cycle Lows - puaClaims

Weekly U.I. Claims Hit New Cycle Lows - contJobless

Weekly U.I. Claims Hit New Cycle Lows - claimUIBen

Weekly U.I. Claims Hit New Cycle Lows - peuc

Weekly U.I. Claims Hit New Cycle Lows - totUnemp