Initial jobless claims continues to drift along in the same range it has been in for three years (with NSA claims literally near record lows)...
Source: Bloomberg
The decline in SA and NSA claims appears driven by the normalization of Texas claim post-Beryl...
Source: Bloomberg
But we note that continuing jobless claims remains at its highest since Nov 2021...
Source: Bloomberg
With all the attention piled on to initial claims to support bullish-narrative-supporting thesis, how the hell can The Fed then turn around and cut rates to 'save the labor market' before it's too late?
Initial jobless claims continues to drift along in the same range it has been in for three years (with NSA claims literally near record lows)…
Source: Bloomberg
The decline in SA and NSA claims appears driven by the normalization of Texas claim post-Beryl…
Source: Bloomberg
But we note that continuing jobless claims remains at its highest since Nov 2021…
Source: Bloomberg
With all the attention piled on to initial claims to support bullish-narrative-supporting thesis, how the hell can The Fed then turn around and cut rates to ‘save the labor market’ before it’s too late?
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