High-Freq Data and DOGE Monitor - 2026-01-21

Another big beat in both new and existing claims. And here's one that's not on most people's radar: office building utilization has moved to new post-pandemic highs, as gradually more and more people come back to more and more frequent in-office work. Remains to be seen what the productivity-maximizing balance is, but more in-office work means a more stable commercial real estate market and more vibrant urban ecosystems.