Because tomorrow is when the July 4 holiday is observed, in addition to the unemployment claims report, we also have the monthly jobs report a day early.
The short version if all of this, initial unemployment claims fell from slightly to 215K with continuing claims rose slightly to 1.814M.
More significantly was the monthly jobs report, where only 57K jobs were created, well under what is needed to account for workforce growth.
Additionally, while the unemployment rate fell from 4.3% to 4.2% this was because workforce participation fell to a 5 year low.
Neither of these are good economic news.
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