🚨 BREAKING:
Initial jobless claims tumble to multi-decade low, far below consensus:
Initial jobless claims for the week ended April 25 dropped to 189K from 215K in the previous week (revised from 214K) and trailed the 213K consensus, according to data released by the U.S. Department of Labor on Thursday. That's the lowest level since 1969.
The four-week moving average was 207.5K, a decrease of 3,500 from the earlier week's average of 211K, which was revised from ~210.8K.
Continuing claims for the week ended April 18 also fell to 1.785M from 1.808M prior (revised from 1.821M) and missed the 1.820M consensus.
The advance seasonally adjusted insured unemployment rate was 1.2% for the week ended April 18, unchanged from the prior week's unrevised rate, the DOL said.
The advance number of actual initial claims under state programs on an unadjusted basis was 179,765 in the week ended April 25, a decrease of 26,668 from the earlier week. Seasonal factors expected a rise of 1,724 from the previous week.
#JoblessClaimsSlaughter #FedRatesUnchanged #PolymarketDeniesDataBreach #AftermathFinanceBreach #ArthurHayes’LatestSpeech $FLOW $NOM $PIEVERSE