With the impacts of the hurricanes wearing off, initial jobless claims plunged last week to 216k (from 228k) - the lowest since April...

North Carolina has retraced all of its job losses from Helene and Florida is starting to recover from the claims spike after Milton...

Continuing Claims also fell, from 1.888mm Americans to 1.862mm Americans (but remains near its highest since Dec 2022...

So jobless claims at their lowest in six months - not exactly the kind of data that The Fed doves want to see to justify another rate-cut (we guess it all depends on who wins next week whether we get a cut or not?)

...as Florida and North Carolina claims normalize after the hurricanes...
{ai:summary}<p>Jobless claims dropped to 216,000, the lowest since April, as North Carolina recovers from Hurricane Helene and Florida sees a decline in claims after Hurricane Milton. Continuing claims also fell but remain high.</p><p>This data may complicate the Federal Reserve's decision on potential rate cuts. #economy</p>

Initial Jobless Claims Plunge To 6-Month-Lows

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