Jobless Claims Inline With Expectations

Bespoke Investment Group profile picture
Bespoke Investment Group
46.19K Followers

Jobless claims came in right inline with expectations this morning, falling from 215K last week to 214K. With this week's report, claims have now been at or below 300K for a record 192 straight weeks, at or below 250K for 57 straight weeks, and at or below 225K for 18 straight weeks.

The four-week moving average was essentially unchanged, falling from 214K down to 213.75K. That's less than 8K above the multi-decade low of 206K that we saw back in mid-September.

On a non-seasonally adjusted (NSA) basis, claims ticked up to 214K from last week's reading of 198.5K. This is the first weekly reading above 200k for NSA claims since late July, but is still well below the average of 337K for the current week of the year dating back to 2000. In fact, for the current week of the year, NSA claims still haven't been this low since 1969.

This article was written by

Bespoke Investment Group profile picture
46.19K Followers
Bespoke Investment Group provides some of the most original content and intuitive thinking on the Street. Founded by Paul Hickey and Justin Walters, formerly of Birinyi Associates and creators of the acclaimed TickerSense blog, Bespoke offers multiple products that allow anyone, from institutions to the most modest investor, to gain the data and knowledge necessary to make intelligent and profitable investment decisions. Along with running their Think B.I.G. finance blog, Bespoke provides timely investment ideas through its Bespoke Premium (http://bespokepremium.com/) subscription service and also manages money (http://bespokepremium.com/mm) for high net worth individuals. Visit: Bespoke Investment Group (http://bespokeinvest.com/)

Recommended For You

Comments (1)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.