Economics
An Economist Is Throwing Cold Water on Those Sinking Jobless Claims
"We are not in uber-boom mode," says Renaissance Macro's Neil Dutta.
Initial jobless claims have been going down.
Photographer: David Ryder/BloombergThis article is for subscribers only.
U.S. initial jobless claims continue to linger near generational lows, coming in at 259,000 for the week ending Oct. 17.
But according to Neil Dutta, head of U.S. economics at Renaissance Macro, that's no reason to get too excited.