Initial Jobless Claims Plunge To 6-Month-Lows

With the impacts of the hurricanes wearing off, initial jobless claims plunged last week to 216k (from 228k) – the lowest since April…Source: BloombergNorth Carolina has retraced all of its job losses from Helene and Florida is starting to recover from the claims spike after Milton…Source: BloombergContinuing Claims also fell, from 1.888mm Americans to 1.862mm Americans (but remains near its highest since Dec 2022…Source: BloombergSo 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?)More By This Author: