After last week’s storm- and strike-driven surge in initial jobless claims, the headline data slipped back from 260k (revised higher) to 241k…
Source: BloombergOn an unadjusted basis, initial claims remain high (but off their highs) while continuing claims pushed higher from 1.858mm Americans to 1.867mm Americans…
Source: BloombergThe impact of Hurricane Helene (North Carolina) will continue to be felt…
Presumably, this does not include the impact of Milton???
Source: BloombergBut analysts expect that to fade as all that lovely money from FEMA flows into the local economy (oh wait…).And WTF is going on in Michigan? It appears those Stellantis layoffs were ‘transitory’…(Click on image to enlarge)
In other words, ignore the jump in jobless claims this close to an election, it’s just transitory…More By This Author:Futures Jump After Blowout TSMC Earnings And Ahead Of ECB Rate CutWTI Rallies After API Reports Across-The-Board Inventory DrawsStagflation Odds Jump In Latest NY Fed Survey As Inflation Expectations Rise
Initial Jobless Claims Drop As Storm Impact Fades
