The number of Americans filing for jobless benefits for the first time fell to just 207k (below the 213k expected and down from the prior 209.25k) – back near its lowest levels in 5 years (and trend towards its lowest level in 50 years)…
Source: Bloomberg
Despite a small pick up last week, Continuing jobless claims have been below the 1.9 million Maginot Line since the start of the year…
Source: Bloomberg
Finally, as the following chart suggests, while it may be “hard to get” a new job, firing remains very low…
Source: Bloomberg
The ‘no hire, no fire’ economy is alive and kicking.
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