Weekly new UI claims - for 1/14/23

In the week ending January 14, the advance figure for seasonally adjusted initial claims was 190,000, a decrease of 15,000 from the previous week’s unrevised level of 205,000. The 4-week moving average was 206,000, a decrease of 6,500 from the previous week’s unrevised average of 212,500.

The link above the the DOL’s news release from earlier today.

Employment still looks healthy in spite of the Fed’s interest rate increases. Don’t look for rates to fall any time soon. Don’t fight the Fed.