The number of Americans filing for jobless claims for the first time plummeted last week to 199k – the lowest since the Thanksgiving week plunge and pretty much the lowest since

Source: Bloomberg

Sub-200k levels are rare and go back to 1969 lows…

Source: Bloomberg

Continuing jobless claims also dipped last week and is below the 1.9 million Maginot Line…

Source: Bloomberg

The ‘no hire, no fire, no quits’ labor market continues.