Weekly Claims Show Stellar Employment Activity Continues

The economic data for 2017 is off to a flying start, as Thursday gave us a continuation of the solid employment and business activity data that we got on Wednesday. What's better now though is that Thursday's batch of data is even more relevant since it covers mostly January data.

For starters, we got another stellar week of unemployment claims data. This week's reading of 234,000 was last matched on Oct. 28, 1972, when the labor force was half the size it is today! Should claims start to drift down below the 230,000 mark, we will enter readings that have not been seen since the 1960s. Given what we have for job openings as reported in JOLTS, it's likely that claims will indeed grind lower to those levels....361 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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