Initial jobless claims fell 11k (on an adjusted basis) to 264k last week - hovering near its lowest level since 1973 as firms hoard labor leaving The Fed stuck between an "everything looks awesome" rock and a "well we have to admit all these indicators are bullshit" hard place...
Seasonally adjusted...
[3]
And non-seasonally adjusted... officially the lowest level since 1973...
[4]
Seems like the ZIRP Emergency Is Over!!
Charts: Bloomberg
