Unadjusted claims plunged as the seasonal pain ebbed away... Source: BloombergEven more impressively, continuing jobless claims tumbled to 1.827 million Americans - the lowest since Sept 2024... Source: BloombergAll of which confirms Powell's labor market "stabilization" view. Under the hood, we note that despite the improvement in overall continuing claims, the 'Deep Tristate' is seeing the jobless-benefit-receiving population starting to accelerate again (and this is before a potential shutdown)... Source: BloombergSo with jobless claims data showing a 'strong and improving' labor market, while The Conference Board showing a labor market signals 'jobs are hard to get'...