264,000 Americans filed for jobless benefits for the first time last week - the highest number since October 2021...

California, New Jersey, and Connecticut saw the largest jump in initial claims as perhaps the tech layoffs are starting to register...

Continuing claims - interestingly - drift lower (from 1.772mm to 1.759mm last week)...

Certainly nothing here to prompt The Fed to 'told you so' on the pause (but then again, the continuing claims are a week lagged).

...but continuing claims drift lower.
{ai:summary}264k Americans filed jobless claims, the highest since Oct 2021, with California, New Jersey, and Connecticut seeing the most claims. Continuing claims fell from 1.772mm to 1.759mm. #economy

The Number Of Americans Filing For First-Time Jobless Benefits Hits Highest Since Oct 2021

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