US initial jobless claims rose slightly to 239k for the week ending November 4th. But initial jobless claims remain near the 44 year low.
If we look at the 4 week moving average of initial claims, it too is at a 44 year low.
Now that is an impressive feat! Now if only earnings growth would return to 1973 levels. Current YoY wage growth is roughly 1/3rd of 1973 wage growth.
The President during 1973?