After exploding to its highest since Jan 2022, unadjusted jobless claims crashed lower last week while ‘seasonally-adjusted’ initial jobless claims rose to 223k (its highest since the first week of December)…
Source: Bloomberg
Continuing jobless claims jumped higher to 1.899 million Americans, just shy of its highest since Nov 2021…
Source: Bloomberg
Certainly nothing new here and nothing that warrants a rate-cut next week.
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