Jobless Claims Continue To Hover (Miraculously) Near Record Lows

Layoff announcements continue day after day and WARNs are on the rise, but initial jobless claims continues to trend along in very smooth manner (too smooth)…

Source: Bloomberg

NSA initial claims dipped notably last week…

Source: Bloomberg

And continuing claims have been flat around 1.8mm Americans for months…

Source: Bloomberg

This data continues to confound.