Initial Jobless Claims Drop To 43-Year Lows - What Now Janet?

Initial jobless claims beat expectations and dropped to 249k last week. This dragged the smoother 4-week average to its lowest level since 1973...

Initial claims at 43 year lows...

 

Continuing claims at 16 year lows...

 

Probably time to hold rates just another month or two?

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Ignore this chart!