'Unadjusted' Jobless Claims Rise To 6-Month Highs
The number of Americans filing for jobless benefits for the first time last week fell to 237k last week (from 249k the prior week) on a seasonally-adjusted basis. Without the 'seasonal adjustment', initial jobless claims rose to its highest since January...
Source: Bloomberg
New York stood out as a massive outlier last week with jobless claims soaring. New Jersey saw the biggest drop in claims...
(Click on image to enlarge)
Continuing Claims ticked up (from 1.718mm to 1.729mm) last week...
Source: Bloomberg
So, on an 'adjusted' basis, everything looks awesome - thank the lord for Bidenomics!
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