Initial jobless claims dropped modestly (SA) from 245k to 235k last week (while on an NSA basis, claims crashed back to earth after last week's spike)...

New York, Michigan, and California all saw claims crash last week on an NSA basis...

...but Texas claims continue to surge due to the storm...

Continuing jobless claims continue to hold above the 1.8 million Maginot Line - at their highest since Dec 2021...

Continuing jobless claims continue to hold above the 1.8 million Maginot Line - at their highest since Dec 2021...
{ai:summary}<p>Jobless claims dipped slightly, settling at 235k from 245k, while a storm in Texas led to rising claims, diverging from the trend in New York, Michigan, and California. Continuing claims hover above 1.8 million, the most troubling sign since late 2021. </p><p>Rate cuts loom as the economy shudders under the weight of uncertainty. #economy</p>

US Continuing Jobless Claims Hover At 32-Month Highs

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