Jobless Claims

Initial Jobless Claims, which measures individuals filing for unemployment benefits for the first time, increased 18,000 to 185,000, coming off the lowest reading since 1968. Continuing claims, which are those that continue to receive benefits after their initial claim, decreased 48,000 to 1.475M. The story here remains the same - Employers are holding onto their workers and firing less and the labor market is extremely tight.