Initial Jobless Claims ‘Plunged’ Last Week By Most In 10 Months

24.07.11 News

Initial Jobless Claims ‘Plunged’ Last Week By Most In 10 Months

Initial jobless claims plunged from near one-year highs to two month lows last week at 222k (well below the 235k expectation). However, on an NSA basis, claims rose once again to their highest since February…

Source: Bloomberg

Continuing claims remain near their highest since Nov 2021, inching down from 1.856mm Americans to 1.852mm Americans last week…

Source: Bloomberg

So initial claims saw the biggest week-over-week drop since Sept 2023?

Makes perfect sense…

Tyler Durden
Thu, 07/11/2024 – 09:07

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