Continuing Jobless Claims Jump To 3-Year-Highs
Initial jobless claims ticked up very modestly last week with seasonally-adjusted claims hovering around 221k – not far off the lows of the year…
Source: Bloomberg
Both Florida and North Carolina (particularly affected by the major hurricanes) are returning to normal…
Source: Bloomberg
However, continuing claims rose to 1.892mm Americans – the highest since Nov 2021…
Source: Bloomberg
Is this the start of the ‘unraveling’ of the Biden admin ‘adjustments’?
Tyler Durden
Thu, 11/07/2024 – 08:37