Initial Jobless Claims Crash To Lowest In 52 Years

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by Tyler Durden
Thursday, Dec 09, 2021 - 08:35 AM

The number of Americans filing for jobless benefits for the first time tumbled last week to 184k (considerably better than the 220k expected).lowest since September 1969

While this is all very exciting, we do note that the decline appears to be partially explained by seasonal factors overstating pre-holiday layoffs... initial claims rose by 64k to 281k on an NSA basis, their highest level since October...

And the total number of Americans on some form of government dole has fallen back below 2 million...

Considering we have never seen a wider gap between job openings and the jobless, this should not be surprising...

Still think we should be at ZIRP and still be buying billions in bonds every month!!