Initial Jobless Claims Refuse To Weaken In Face Of CEO Dissonance

So, are CEOs all talk?

After a brief spike last week, initial jobless claims are back in their four year range at 228k – at the same level as in Q4 2021…

Last week’s spike – largely driven by New York – has now been erased – largely driven by New York…

Continuing claims fell back below the 1.9 million American Maginot Line once again…

Continuing jobless claims across The Deep TriState are back up near post-DOGE highs…

But initial claims across the three states have stopped rising as various lawsuits halt layoffs across federal agencies.