Continuing Jobless Claims Hover Near 33-Month Highs

[Collection]Tyler DurdenContinuing Jobless Claims Hover Near 33-Month Highs

Initial jobless claims continues to drift along in the same range it has been in for three years (with NSA claims literally near record lows)...

Source: Bloomberg

The decline in SA and NSA claims appears driven by the normalization of Texas claim post-Beryl...

Source: Bloomberg

But we note that continuing jobless claims remains at its highest since Nov 2021...

Source: Bloomberg

With all the attention piled on to initial claims to support bullish-narrative-supporting thesis, how the hell can The Fed then turn around and cut rates to 'save the labor market' before it's too late?

 

 

Tyler Durden Thu, 08/22/2024 - 08:38Continuing Jobless Claims Hover Near 33-Month Highs

Initial jobless claims continues to drift along in the same range it has been in for three years (with NSA claims literally near record lows)...

Source: Bloomberg

The decline in SA and NSA claims appears driven by the normalization of Texas claim post-Beryl...

Source: Bloomberg

But we note that continuing jobless claims remains at its highest since Nov 2021...

Source: Bloomberg

With all the attention piled on to initial claims to support bullish-narrative-supporting thesis, how the hell can The Fed then turn around and cut rates to 'save the labor market' before it's too late?

 

 

Tyler Durden Thu, 08/22/2024 - 08:38https://www.zerohedge.com/personal-finance/continuing-jobless-claims-hover-near-33-month-highs2024-08-22T12:38:31.000Z2024-08-22T12:38:31.000Z