Time’s Up!
After four years of showing no signs of life, initial jobless claims surged higher last week with 263,000 American filing for jobless benefits for the first time – the most since Oct 2021…
Source: Bloomberg
Under the hood, Texas massively dominated the surge in jobless claims last week (we are struggling to figure out why)…
Continuing claims remain above 1.9 million Americans – also the highest in four years…
Source: Bloomberg
…get back to work Mr.Powell!
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