Initial Jobless Claims Near Record Lows, Continuing Claims At 2-Year-Highs

After tumbling near 2023 lows in the prior week, the number of Americans filing for jobless benefits rose de minimisly from a revised 203k to 205k – basically at the year’s lows…Source: BloombergCalifornia and Georgia saw the largest drop in initial claims while Ohio saw the biggest increase…California’s claims data has been anything but stable…Source: BloombergContinuing Claims were flat at 1.865mm Americans, holding around their highest since 2021…Source: BloombergDoes near record low initial jobless claims really fit with a Fed expecting to cut rates at least three times next year?More By This Author: