The number of Americans filing for jobless benefits for the first time rose to 249k last week - the highest since last August...

Texas claims continue to fall as the storm-related surge normalizes...

Additionally, the number of Americans continuing to claim unemployment benefits rose to 1.877 million last week - the highest since Nov 2021...

Is this 'bad' enough news to lock in September rate cuts?

Is this 'bad' enough news to lock in September rate cuts?
{ai:summary}Jobless claims in the U.S. hit 249k, the highest since last August, while ongoing claims rose to 1.877 million, a level not seen since November 2021. With Texas claims decreasing, the storm's impact shows signs of normalizing. Is this grim tableau enough to prompt rate cuts in September? #economy

Initial Jobless Claims Surge To 12-Month Highs

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