The ongoing normalization of jobless claims in Texas - post Hurricane Beryl...

...has pulled initial jobless claims down dramatically. On a non-seasonally-adjusted basis, initial claims are basically at multi-decade lows...

Continuing claims inched lower but remain above the 1.8mm Maginot Line...

How will The Fed defend rate-cuts with jobless claims (if you can believe them) near record lows?

...normalization of jobless claims in Texas post-Beryl are saving Harris's economy.
{ai:summary}In Texas, the stormy aftermath of Hurricane Beryl has cleared up jobless claims, dragging them down to levels not seen in decades. The numbers look rosy but continuing claims hover obstinately above the 1.8 million mark, casting a shadow over the good news. As the Federal Reserve ponders rate cuts, the juxtaposition of these figures raises a question: can they square the soaring optimism with the lingering concerns about a shaky economy? #economy

Can The Fed Defend Cutting Rates With NSA Jobless Claims Near Record Lows?

Loading...