The number of Americans filing for jobless benefits for the first time fell last week to 221k - the lowest in 3 months - as this high frequency labor market signal shows no signs of cracking for now. Initial jobless claims have gone literally nowhere for four years...

New York and Nevada saw the largest week over week rise in jobless claims...

Overall, continuing claims remains stubbornly above the 1.9 million Americans level - its highest since Nov 2021...

Finally, the DOGE impact is very clear now as continuing jobless claims in the 'Deep Tristate' region continue to soar - now at their highest since Dec 2021...

New York saw the largest rise in initial jobless claims...
{ai:summary}<p>First-time jobless claims in the U.S. dropped to 221,000, the lowest in three months, indicating a stable labor market. However, continuing claims remain elevated above 1.9 million, the highest since November 2021, with notable increases in New York and Nevada.</p><p>The 'Deep Tristate' region is experiencing a significant rise in continuing claims, reaching levels not seen since December 2021. This trend raises questions about the broader economic implications. #economy</p>

'DOGE' Effect Accelerates As 'Deep Tristate' Jobless Claims Hit 4 Year high

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