Initial jobless claims plunged from near one-year highs to two month lows last week at 222k (well below the 235k expectation). However, on an NSA basis, claims rose once again to their highest since February...

Continuing claims remain near their highest since Nov 2021, inching down from 1.856mm Americans to 1.852mm Americans last week...

So initial claims saw the biggest week-over-week drop since Sept 2023?

...with continuing claims hovering near highest since Nov 2021.
{ai:summary}Jobless claims drop sharply, but NSA claims still high. Continuing claims remain near Nov 2021 levels. Economy.

Initial Jobless Claims 'Plunged' Last Week By Most In 10 Months

Loading...