Initial Jobless Claims Surge To 12-Month Highs
The number of Americans filing for jobless benefits for the first time rose to 249k last week - the highest since last August...
Source: Bloomberg
Texas claims continue to fall as the storm-related surge normalizes...
Source: Bloomberg
Additionally, the number of Americans continuing to claim unemployment benefits rose to 1.877 million last week - the highest since Nov 2021...
Source: Bloomberg
Is this 'bad' enough news to lock in September rate cuts?
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