WTF Chart Of The Day: Initial Jobless Claims Continue To Confuse

[Collection]Tyler DurdenWTF Chart Of The Day: Initial Jobless Claims Continue To Confuse

Having torn apart the "official" BLW labor market data earlier in the month, this morning's jobless claims data remains a mystery. Unadjusted initial jobless claims tumbled to +177k - practically a record low while adjusted claims has been flat for the last month...

Source: Bloomberg

Continuing claims was flat on the week at 1.85mm Americans...

Source: Bloomberg

But the gap between the unemployment rate and unadjusted claims continues to widen...

Source: Bloomberg

...how can The Fed cut rates with near-record-low initial jobless claims prints?

Tyler Durden Thu, 09/12/2024 - 08:54WTF Chart Of The Day: Initial Jobless Claims Continue To Confuse

Having torn apart the "official" BLW labor market data earlier in the month, this morning's jobless claims data remains a mystery. Unadjusted initial jobless claims tumbled to +177k - practically a record low while adjusted claims has been flat for the last month...

Source: Bloomberg

Continuing claims was flat on the week at 1.85mm Americans...

Source: Bloomberg

But the gap between the unemployment rate and unadjusted claims continues to widen...

Source: Bloomberg

...how can The Fed cut rates with near-record-low initial jobless claims prints?

Tyler Durden Thu, 09/12/2024 - 08:54https://www.zerohedge.com/markets/wtf-chart-day-initial-jobless-claims-continue-confuse2024-09-12T12:54:50.000Z2024-09-12T12:54:50.000Z