With the impacts of the hurricanes wearing off, initial jobless claims plunged last week to 216k (from 228k) – the lowest since April…
Source: Bloomberg
North Carolina has retraced all of its job losses from Helene and Florida is starting to recover from the claims spike after Milton…
Source: Bloomberg
Continuing Claims also fell, from 1.888mm Americans to 1.862mm Americans (but remains near its highest since Dec 2022…
Source: Bloomberg
So jobless claims at their lowest in six months – not exactly the kind of data that The Fed doves want to see to justify another rate-cut (we guess it all depends on who wins next week whether we get a cut or not?)
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