Continuing Jobless Claims Hit New Cycle Highs

Having risen to eight month highs just a couple weeks ago, initial jobless claims tumbled back to 227k last week and well within the comfortable low end range of the last four years…

Source: Bloomberg

However, continuing jobless claims remain at the highest since Nov 2021….

Source: Bloomberg

…as DOGE’s impact on the ‘Deep TriState’ continues…

Source: Bloomberg

It seems Musk has something to be proud of after all.