Initial jobless claims ticked up very modestly last week with seasonally-adjusted claims hovering around 221k - not far off the lows of the year...

Both Florida and North Carolina (particularly affected by the major hurricanes) are returning to normal...

However, continuing claims rose to 1.892mm Americans - <strong>the highest since Nov 2021...</strong>

Is this the start of the 'unraveling' of the Biden admin 'adjustments'?

Is this the start of the 'unraveling' of the Biden admin 'adjustments'?
{ai:summary}<p>Initial jobless claims rose slightly to 221,000, remaining near yearly lows. Florida and North Carolina are recovering from recent hurricanes. However, continuing claims increased to 1.892 million, the highest level since November 2021, raising concerns about the Biden administration's adjustments. #economy</p>

Continuing Jobless Claims Jump To 3-Year-Highs

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