Jobless claims, and of course, these are for the weekend in January 3rd, so there are potential seasonality issues here.

208,000. That's a bit below estimates. Last week's 199 pops back over 200,000.

Suffice it to say, these are really well-behaved initial jobless claims.

On the continuing side, always a week in arrears.

These are the weekending December 27th.

So once again, there are seasonal issues here.

1,914,000, very close to estimates.

Last week, well, we remained under 1.9 million.

The 1,866 becomes 1,858,000.

Also well behaved as we dabbled between being above and below 1.9 million.

Let's look at productivity, shall we?

The secret salve of the U.S. economy, what Greenspan called the special sauce.

Well, this is the third quarter preliminary.

There will be changes.

4.9% extremely close to estimates and a really solid number.

In the rearview mirror, 3.3 becomes 4.1 for the last quarter's final.

So 4.9?

Wow, you have to go a long way back to find a higher number.

We have to go all the way back to the third quarter of 2020.

Productivity is great.

And if we look at unit labor costs, unit labor costs come in, well, 1.9, down 1.9.

That's a minus sign.

...