US UN-EMPLOYEMENT :
Overall, 1.99 million Americans are collecting unemployment benefits, down more than 7 percent from a year ago.
THE TAKEAWAY:
Jobless claims are a proxy for layoffs. They have come in below 300,000 for 112 straight weeks, the longest streak since 1970. The numbers suggest that most American workers are secure in their jobs.
KEY DRIVERS:
Overall, 1.99 million Americans are collecting unemployment benefits, down more than 7 percent from a year ago.
THE TAKEAWAY:
Jobless claims are a proxy for layoffs. They have come in below 300,000 for 112 straight weeks, the longest streak since 1970. The numbers suggest that most American workers are secure in their jobs.
KEY DRIVERS: