Rate-Cuts? Jobless Claims Remain Low As Hurricane Effects Fade

The number of Americans filing for jobless benefits for the first time rose modestly last week from 215k to 224k – still obviously very low numbers…

Source: Bloomberg

Hurricane-related states (Florida and North Carolina) have seen initial claims crash to near record lows

Source: Bloomberg

Continuing Claims dropped back below 1.9mm Americans (1.871mm)

Source: Bloomberg

Not exactly rate-cutting-type numbers, eh?