Initial Jobless Claims Tick Higher Off Multi-Decade Lows

Initial Jobless Claims Tick Higher Off Multi-Decade Lows

Initial jobless claims rose very marginally off near multi-decade lows last week (from 208k to 219k) and slightly higher than the 213k expected...

?itok=Yya860cF

Source: Bloomberg

Continuing claims continue to oscillate around 1.9 million Americans (decoupling from initial claims stronger trend)...

?itok=xY9LnEJm

Source: Bloomberg

Finally, we can't but notice this jobless claims data series seems decoupled from various other labor market realities still... such as The Conference Board's Jobs-Plentiful/Hard-to-Get series...

?itok=GpRQcwQc

Source: Bloomberg

So, strong ADP, strong jobless claims, weak JOLTS, weak Conf Board... tomorrow's NFP is anyone's guess still!

https://cms.zerohedge.com/users/tyler-durden

Thu, 02/06/2025 - 08:35

https://www.zerohedge.com/markets/initial-jobless-claims-tick-higher-multi-decade-lows