Initial jobless claims were expected to tick higher last week and it did, up to 245k (from 239k prior and higher than the 240k expectation). That is basically<strong> in line with the highest level since Jan '22</strong>.

Continuing claims continued to rise, up from 1.804mm to 1.865mm last week.

<strong>That is the highest level since Dec 2021</strong>.

It appears those revisions changed everything.

...and initial claims are highest since Jan '22...


The Number Of Americans Claiming Jobless Benefits Hits 17-Month High

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