Jobles Claims Explode Higher In First Week Of December

December 12, 2024

Jobles Claims Explode Higher In First Week Of December

The number of Americans filing for jobless benefits for the first time jumped significantly last week (from 225k to 242k – well above expectations of 220k) – the highest since the first week of October.

On an un-adjusted basis, claims exploded higher (highest since January)…

Source: Bloomberg

Continuing jobless claims remains below the 1.9mm Maginot Line (1.886mm) – hovering near the highest levels since Nov 2021…

Source: Bloomberg

The seasonals in the initial claims data is just the ‘excuse’ The Fed needs to feed the beast with another rate-cut next week… and then ‘revise’ the print lower once again.

Tyler Durden
Thu, 12/12/2024 – 08:45

https://www.zerohedge.com/personal-finance/jobles-claims-explode-higher-first-week-december

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week of december [31] => jobles xlaims explode higher in first week of december [32] => jobles vlaims explode higher in first week of december [33] => jobles flaims explode higher in first week of december [34] => jobles dlaims explode higher in first week of december [35] => jobles ckaims explode higher in first week of december [36] => jobles cpaims explode higher in first week of december [37] => jobles coaims explode higher in first week of december [38] => jobles clzims explode higher in first week of december [39] => jobles clsims explode higher in first week of december [40] => jobles clwims explode higher in first week of december [41] => jobles clqims explode higher in first week of december [42] => jobles claums explode higher in first week of december [43] => jobles clajms explode higher in first week of december [44] => jobles clakms explode higher in first week of december [45] => jobles claoms explode higher in first week of december [46] => jobles cla9ms explode higher 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