Initial Jobless Claims Tumble To 7 Month Lows

The number of Americans filing for jobless benefits for the first time tumbled to just 216k last week – the lowest since April

Source: Bloomberg

Since the shutdown was lifted, jobless claims among workers in the ‘Deep Tristate’ have tumbled…

Source: Bloomberg

Continuing jobless claims ticked higher – remaining above the 1.9 million level, near its highest since Nov 2021

Source: Bloomberg

…so much for the struggling labor market?