Initial Jobless Claims Refuse To Show Any Signs Of Cracking
Initial jobless claims improved last week, falling from 234k to 229k, remaining in the same near-record-low range it has been in for the last three years. On an unadjusted basis, claims are back near record lows...
Source: Bloomberg
Continuing jobless claims dipped from the prior week, but remain near their highest since Nov 2021 (though not accelerating)...
Source: Bloomberg
There was more weakness in the 'Deep TriState' region as continuing jobless claims rose in DC, Virginia, and Maryland combined...
Source: Bloomberg
Again, we ask, if shit is so bad that CEO confidence remains dramatically lower, why aren't jobless claims following suit (actions speak louder than words)...
Source: Bloomberg
Not exactly data that demands rate-cuts anytime soon.
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