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Continuing Jobless Claims Jump To 3 Year Highs
Initial jobless claims tumbled last week from 242k to 227k as the impact of Hurricane Helene starts to fade from the benefits rolls…
Source: Bloomberg
However, Hurricane Milton’s impact on Florida is suddenly very evident…
…as North Carolina claims fall back…
Source: Bloomberg
However, continuing jobless claims rose to 1.897 million Americans – the highest since Nov 2021…
Source: Bloomberg
So, take your pick! Cut rates because of soaring continuing claims… or ‘hold’ as initial claims revert back towards multi-year lows?
Tyler Durden
Thu, 10/24/2024 – 08:36
