Via Zerohedge
Initial jobless claims plunged from near one-year highs to two month lows last week at 222k (well below the 235k expectation). However, on an NSA basis, claims rose once again to their highest since February…
Source: Bloomberg
Continuing claims remain near their highest since Nov 2021, inching down from 1.856mm Americans to 1.852mm Americans last week…
Source: Bloomberg
So initial claims saw the biggest week-over-week drop since Sept 2023?
Makes perfect sense…
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