After exploding to its highest since Jan 2022, unadjusted jobless claims crashed lower last week while 'seasonally-adjusted' initial jobless claims rose to 223k (its highest since the first week of December)...

Continuing jobless claims jumped higher to 1.899 million Americans, just shy of its highest since Nov 2021...

Certainly nothing new here and nothing that warrants a rate-cut next week.

...and continuing claims near highest since Nov 2021...
{ai:summary}<p>Unadjusted jobless claims fell last week, despite a rise in seasonally-adjusted initial claims to 223,000, the highest since December. Continuing claims also increased to 1.899 million, nearing levels last seen in November 2021. </p><p>These trends suggest no immediate need for a rate cut. #economy</p>

Initial Jobless Claims Jump To One-Month High

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