Continuing Jobless Claims Top 1.9 Million Americans – Highest In 3 Years

The number of Americans filing for jobless benefits for the first time fell to 213k last week (from 215k) – the lowest since April 2024…Source: BloombergHowever, on a non-seasonally-adjusted basis, claims hit a four month high.Meanwhile continuing jobless rose to 1.907 million Americans – the highest in three years…Source: BloombergSo, take your pick – the labor market is hot (claims at 7mo lows) or very cold (cont claims at 3 year highs)?More By This Author:US Home Prices Rose At Slowest Pace In A Year In SeptemberContinuing Jobless Claims Hit 3-Year-Highs As Initial Claims Tumble To 7-Month-LowsNvidia Drops After Revenue Forecast Disappoints Exuberant Expectations