Jobless claims are near the lowest since the 1960s and the low-fire trend is still intact. That is a tight labor market, not a cracking one, so the rates market stays defensive and rate-cut bets stay

What happened: Initial filings for unemployment insurance slipped to a seasonally adjusted 194,000, near the lowest since the 1960s, as a low-fire trend continued. Key numbers: Initial jobless claims: 194,000, seasonally adjusted. Why it matters: The report points to a low-fire trend in the labor market, with claims near the lowest since the 1960s. Coverage: 3 outlets in 24h

Initial filings for unemployment insurance slipped to a seasonally adjusted 194,000, near the lowest since the 1960s, as a low-fire trend continued.

The report points to a low-fire trend in the labor market, with claims near the lowest since the 1960s.