Just 213,000 Americans filed for first-time jobless benefits last week - the lowest number since April - as natural disasters' effects fade from the data...

The overhang from the hurricanes has seemingly ended...

But WTF is going on in California?

Last week saw initial claims explode higher there..

However, the number of Americans filing for continuing jobless claims jumped back above 1.9 million for the first time since November 2021...

So is the labor market in trouble or not?

...take your pick!
{ai:summary}Last week, 213,000 Americans filed for first-time jobless benefits, the lowest since April, as the impact of natural disasters wanes. However, California experienced significant fluctuations in claims, raising questions about the stability of the labor market.Despite the drop in initial claims, continuing jobless claims surpassed 1.9 million for the first time since November 2021, suggesting potential underlying issues. The mixed signals leave uncertainty about the overall health of the labor market. #economy

Continuing Jobless Claims Hit 3-Year-Highs As Initial Claims Tumble To 7-Month-Lows

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