Initial jobless claims tumbled last week from 242k to 227k as the impact of Hurricane Helene starts to fade from the benefits rolls...

However, Hurricane Milton's impact on Florida is suddenly very evident...

However, continuing jobless claims rose to 1.897 million Americans - the highest since Nov 2021...

So, take your pick! Cut rates because of soaring continuing claims... or 'hold' as initial claims revert back towards multi-year lows?

...but initial claims tumble.
{ai:summary}Initial jobless claims decreased from 242,000 to 227,000, reflecting the waning effects of Hurricane Helene. However, continuing claims increased to 1.897 million, the highest since November 2021, raising questions about potential rate cuts versus maintaining current rates.The contrasting trends in jobless claims present a complex economic scenario. Policymakers face a decision on whether to cut rates in response to rising continuing claims or hold steady as initial claims approach multi-year lows. #economy

Continuing Jobless Claims Jump To 3 Year Highs

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