Initial jobless claims continues to drift along in the same range it has been in for three years (with NSA claims literally near record lows)...

The decline in SA and NSA claims appears driven by the normalization of Texas claim post-Beryl...

But we note that continuing jobless claims remains at its highest since Nov 2021...

With all the attention piled on to initial claims to support bullish-narrative-supporting thesis, how the hell can The Fed then turn around and cut rates to 'save the labor market' before it's too late?

...as Texas normalizes post-Beryl
{ai:summary}<p>Jobless claims linger near three-year lows, yet continuing claims hit their highest since November 2021. This paradox raises eyebrows as the Fed faces pressure to cut rates, jeopardizing hopes for a labor market rebound. </p><p>The odds are longer than a two-bit con's tale. #economy</p>

Continuing Jobless Claims Hover Near 33-Month Highs

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