Labor Market Creaks… Continuing Jobless Claims Highest Since Nov 2021

The trend of (modestly) rising initial jobless claims stalled last week, dropping from 246k to 236k (below 2435k exp)…

Source: Bloomberg

But, Continuing jobless claims kept rising to 1.974 million Americans – the highest since Nov 2021…

Source: Bloomberg

In the ‘Deep TriState’ region, jobless claims continue to rise also…

Source: Bloomberg

Delayed DOGE effects finally kicking in.