Jobless claims can definitely be counted as the good indicators of the US labour market and the numbers for last week confirm this. Nes claims went up by 10k vs. the previous reading but the trend pointing downwards is still there. In some weeks there could even be a new try to set a record of how low the numbers can get. Such low initial jobless cliams suit the very high readings of JOLTs - the vacancies that the enterprises are trying to fill right now.
Source: Macrobond, XTB
The numbers will be very likely used during the next Fed meeting as a confirmation that the labour markrt is not in a poor state, but the next week’s NFP will be of much higher importance in this respect.
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