The number of Americans filing for jobless benefits for the first time fell to 213k last week (from 215k) - the lowest since April 2024...
Source: Bloomberg
However, on a non-seasonally-adjusted basis, claims hit a four month high.
California was by far the largest single state increase in new claims while New Jersey saw a small decline...
Meanwhile continuing jobless rose to 1.907 million Americans - the highest in three years...
Source: Bloomberg
So, take your pick - the labor market is hot (claims at 7mo lows) or very cold (cont claims at 3 year highs)?
The number of Americans filing for jobless benefits for the first time fell to 213k last week (from 215k) – the lowest since April 2024…
Source: Bloomberg
However, on a non-seasonally-adjusted basis, claims hit a four month high.
California was by far the largest single state increase in new claims while New Jersey saw a small decline…
Meanwhile continuing jobless rose to 1.907 million Americans – the highest in three years…
Source: Bloomberg
So, take your pick – the labor market is hot (claims at 7mo lows) or very cold (cont claims at 3 year highs)?
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