AIpocalypse No! Initial Jobless Claims Collapse To Lowest Since 1969

Amid ongoing exclamations of an AIpocalypse in the jobs market, the number of Americans filing for jobless benefits for the first time crashed to just 187k last week (well below expectations)…

That is the lowest since 1969…

Additionally, continuous jobless claims tumbled back below 1.8mm (1.796mm) Americans…

Zero signs of labor market stress in any of this data as the ‘low hire, no fire’ economy pushes forward.