Initial jobless claims plunged 19k last week to 223k. This is now the lowest level of initial jobless claims since March 1973, and is very close to the lowest levels since 1969.
This is now the longest period of declining initial jobless claims in US history (from March 2009 to March 2017)
Last week's drop was a 4 standard deviation beat of expectations...
The question is - is this as good as it gets?