The number of Americans filing for jobless benefits for the first time fell to 213k last week (from 215k) - the lowest since April 2024...

However, on a non-seasonally-adjusted basis, claims hit a four month high.

California was by far the largest single state increase in new claims while New Jersey saw a small decline...

Meanwhile continuing jobless rose to 1.907 million Americans - the highest in three years...

So, take your pick - the labor market is hot (claims at 7mo lows) or very cold (cont claims at 3 year highs)?

...but, initial claims at 7-month low (SA) or 4-month high (NSA)
{ai:summary}First-time jobless claims in the U.S. dropped to 213,000, the lowest since April 2024, despite a four-month high in non-seasonally adjusted claims. California saw the largest increase in new claims, while New Jersey experienced a slight decline.Continuing jobless claims rose to 1.907 million, marking the highest level in three years. This presents a conflicting picture of the labor market, with indicators suggesting both strength and weakness. #economy

Continuing Jobless Claims Top 1.9 Million Americans - Highest In 3 Years

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