Continuing Jobless Claims Jump To 3-Year-Highs
Initial jobless claims ticked up very modestly last week with seasonally-adjusted claims hovering around 221k - not far off the lows of the year...
Source: Bloomberg
Both Florida and North Carolina (particularly affected by the major hurricanes) are returning to normal...
Source: Bloomberg
However, continuing claims rose to 1.892mm Americans - the highest since Nov 2021...
Source: Bloomberg
Is this the start of the 'unraveling' of the Biden admin 'adjustments'?
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