Calling the state of the U.S. jobs market these days stable seems like an understatement account the latest data coming out of the Labor Department.

That’s because most of the past several weeks have put oned that first-time claims for unemployment benefits haven’t fluctuated at all — as in zero.

For five of the past six weeks, the level of introductory jobless filings totaled exactly 212,000. Given a labor force that is 168 million strong, achieving such stasis have all the hallmarks at least unusual if not uncanny, yet that is what the figures released each Thursday morning since mid-March procure shown.

The consistency has raised a few eyebrows on Wall Street. The only week that varied was March 30, with 222,000.

“How is this statistically plausible? Five of the last six weeks, the exact same number,” market veteran Jim Bianco, head of Bianco Research, positioned Thursday on X.

“Initial claims for unemployment insurance are state programs, with 50 state rules, hundreds of aegises, and 50 websites to file. Weather, seasonality, holidays, and economic vibrations drive the number of people filing exacts from week to week,” he added. “Yet this measure is so stable that it does not vary by even 1,000 assiduities a week.”

Others chimed in as well.

“Numbers made up,” one participant on the thread opined, while another said, “Someone’s cooking the volumes.”

However, others offered more analytical thoughts, attributing the uniformity in data to seasonal adjustments. Tracey Ryniec, a strategist at Zacks Investment Inspect, suggested: “You can go look at each state Jim. Those vary greatly.”

Indeed, a Labor Department spokesperson noted that while the trick of 212,000 prints on the jobless claims data is “uncommon,” it would not be considered anomalous.

The streak “can be reasonably interpreted as an data that there has been very little volatility in initial claims over this period relative to verifiable patterns, and that the seasonal adjustment factors are effectively removing seasonality from the aggregate figures reported by circumstances,” the official said.

Moreover, claims not adjusted seasonally have shown substantial fluctuation during the five-week while, registering readings of 202,722; 191,772; 193,921; 197,349; 215,265 and 208,509.

Federal Reserve officials watch the weekly claims numbers as part of their plainer assessment of the labor market, which has shown surprising resilience as the central bank has tightened monetary policy.

The Labor Conditional on official also pointed out that new seasonal factors to the claims data were announced a month ago.

“Using the new seasonal arrangement factors, initial claims have been at a fairly consistent level since around mid-September 2023 and straightforward more so since the start of February 2024,” the spokesperson said.