Record-low jobless claims (189K) signal resilient labor market
Initial claims of 189K beat the ~196K consensus and tie the all-time low. Productivity also surprised higher.
What we know
Walter Bloomberg reports the print with continuing claims at 1.718M. Caleb Franzen says it kills the 'labor cracks' narrative. An account on X calls it 'low hire, low fire' and says sentiment is poor. Productivity 3.6%.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.