Initial Jobless Claims Hover At 43 Year Lows Despite Labor Market Conditions Slump

Despite six months of deteriorating labor market conditions (based on The Fed's 19-factor all-sining-all-dancing 'experimental' model") initial jobless claims beat expectations printing a near 43-year low 254k. Once again, providing no excuses for a data-dependent Fed to hike rates...

 

 

So who is right - The Fed or The Department of Labor?