Fresh labor market signals coming in hot: initial jobless benefit filings spiked to 236K this week. But here's the twist - continuing claims just hit their lowest point since April.

What does this mean? The jump in new applications might look alarming at first glance, but the drop in ongoing claims tells a different story. People finding work faster. Labor market still tight.

For those watching macro indicators, this mixed data keeps things interesting. Higher initial claims could ease some Fed hawkishness, while low continuing claims suggest the economy isn't exactly rolling over.

Markets hate uncertainty, but they hate clarity even more sometimes. This kind of data? It's the definition of "not too hot, not too cold" - which means Powell's got room to maneuver without panicking either direction.