US Jobless Claims Fall to Lowest Level Since January

So good news on the labor market front. Just 205,000 jobless claims last week, as you pointed out. So the low, higher, low fired economy continues.And Jay Powell suggested that the labor market might be in better shape than we think at this point because the unemployment rate is not moving a lot. We did see the Philadelphia Fed index come out much stronger than expected at 18.1%, up from 16 three. The expectation was it was going to be cut in half to just 8.0%.However, prices paid rise to 44.7% from 38.9%. ...