(ZeroHedge) Initial jobless claims keep grinding lower and lower.
The last time this few Americans sought the help of government after losing a job was in November 1969. Initial Jobless Claims tumbled another 5K from the prior week's revised 197K to just 192K: the second consecutive sub-200K print in 50 years, and the lowest print since September 1969.
While the number will probably not come as a big surprise in light of the recent sharp rebound in payrolls, the Fed will be hard pressed to explain why it is pausing its rate hikes at a time when the fewest number of Americans are filing for jobless benefits in half a century.
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