I am not sure what to make of the most recent unemployment figures.
Initial claims fell by 6,000 to 206,000 and continuing claims rose by 18,000 to 1,8 million.
Applications for US unemployment benefits edged lower last week, staying near historically low levels and suggesting few layoffs across the labor market.
Initial claims decreased by 6,000 to 206,000 in the week ended Aug. 15, according to Labor Department data released Thursday. The median forecast in a Bloomberg survey of economists called for 210,000.
Continuing claims, a proxy for the number of people receiving benefits, rose to 1.80 million in the previous week.
Not a clue what this all means.
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