Initial jobless claims tumble to multi-decade low, far below consensus

Initial jobless claims fell to 189K for the week ended April 25, down from 215K the prior week (revised from 214K) and below the 213K consensus. The reading is the lowest since the referenced period, indicating continued labor-market resilience. The report is important macro data but is unlikely by itself to drive a large market move.

Analysis

Initial jobless claims fell to 189K for the week ended April 25, down from 215K the prior week (revised from 214K) and below the 213K consensus. The reading is the lowest since the referenced period, indicating continued labor-market resilience. The report is important macro data but is unlikely by itself to drive a large market move.