Initial Jobless Claims ‘Plunged’ Last Week By Most In 10 Months
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…
Tyler Durden
Thu, 07/11/2024 – 09:07
https://www.zerohedge.com/personal-finance/initial-jobless-claims-plunged-last-week-most-10-months