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Continuing Jobless Claims RIse To Highest Since Nov 2021
The number of Americans filing for jobless benefits for the first time dipped from a revised 239k to 233k last week…
Source: Bloomberg
However, continuing claims for jobless benefits continues to rise – hitting its highest since November 2021 at 1.839mm Americans – and the overall trend in initial claims is clearly heading higher…
Source: Bloomberg
Is this data bad enough to warrant immediate rate-cuts?
Source: Bloomberg
We suspect there’s a long way to go before we reach reality.
Tyler Durden
Thu, 06/27/2024 – 08:38
