Continuing Jobless Claims Hit 3-Year-Highs As Initial Claims Tumble To 7-Month-Lows

Just 213,000 Americans filed for first-time jobless benefits last week – the lowest number since April – as natural disasters’ effects fade from the data…Source: BloombergThe overhang from the hurricanes has seemingly ended…Source: BloombergBut WTF is going on in California?Last week saw initial claims explode higher there..…and this week claims collapsed…However, the number of Americans filing for continuing jobless claims jumped back above 1.9 million for the first time since November 2021…Source: BloombergTotally normal…Source: BloombergSo is the labor market in trouble or not?More By This Author:Nvidia Drops After Revenue Forecast Disappoints Exuberant ExpectationsTarget Shares Crash On Profit Miss, Downgraded Outlook, & Market Share Loss As Walmart Reigns SupremeRussia Crude Exports Tumble To Two Month Low