The number of Americans filing for jobless benefits for the first time dipped from a revised 239k to 233k last week...

However, <strong>continuing claims for jobless benefits continues to rise - hitting its highest since November 2021 at 1.839mm Americans</strong> - and the overall trend in initial claims is clearly heading higher...

Is this data bad enough to warrant immediate rate-cuts?

We suspect there's a long way to go before we reach reality.

...and initial claims are trending significantly higher
{ai:summary}<p>American jobless claims drop slightly, but continuing claims on the rise. Will this data prompt rate-cuts? The road to reality seems far. #economy</p>

Continuing Jobless Claims RIse To Highest Since Nov 2021

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