Continuing Jobless Claims Are Now Below Pre-COVID-Lockdown Levels

Continuing jobless claims tumbled to 1.716 million last week. That is the lowest since pre-COVID-Lockdowns in March 2020…

Source: Bloomberg

Additionally, initial jobless claims slipped back below 200k (while non-seasonally-adjust claims hold around 2-month highs)…

Source: Bloomberg

Seems like it’s going to be hard for Powell to defend any delay in tightening off of this data.