Initial jobless claims rose very marginally off near multi-decade lows last week (from 208k to 219k) and slightly higher than the 213k expected...

The state by state data is just remarkable in its flip-floppiness (yes that's a word!!)...

Last week California saw jobless claims plunge...

This week California and New York saw claims soar...

Continuing claims continue to oscillate around 1.9 million Americans (decoupling from initial claims stronger trend)...

Finally, we can't but notice this jobless claims data series seems decoupled from various other labor market realities still... such as The Conference Board's Jobs-Plentiful/Hard-to-Get series...

So, strong ADP, strong jobless claims, weak JOLTS, weak Conf Board... tomorrow's NFP is anyone's guess still!

...strong ADP, solid jobless claims, ugly JOLTS, weak Conf Board... tomorrow's NFP is anyone's guess still!
{ai:summary}<p>Initial jobless claims slightly increased from 208k to 219k, surpassing expectations of 213k. State data shows fluctuations, with California and New York experiencing rises in claims after previous declines. Continuing claims remain stable around 1.9 million, indicating a disconnect from other labor market indicators.</p><p>The mixed signals from jobless claims, ADP, JOLTS, and The Conference Board suggest uncertainty ahead of tomorrow's non-farm payroll report. #economy</p>

Initial Jobless Claims Tick Higher Off Multi-Decade Lows

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