Having torn apart the "official" BLW labor market data earlier in the month, this morning's jobless claims data remains a mystery. Unadjusted initial jobless claims tumbled to +177k - practically a record low while adjusted claims has been flat for the last month...

Continuing claims was flat on the week at 1.85mm Americans...

But the gap between the unemployment rate and unadjusted claims continues to widen...

...how can The Fed cut rates with near-record-low initial jobless claims prints?

...how can The Fed cut rates with near-record-low initial jobless claims prints?
{ai:summary}Recent jobless claims data show initial claims at 177,000, a near record low, while adjusted claims have remained unchanged. Continuing claims also stayed flat at 1.85 million Americans, raising questions about the Federal Reserve’s potential to cut rates amid diverging unemployment metrics.This discrepancy between unemployment rates and claims poses a challenge for economic policy. Analysts are puzzled over the Fed's course of action given the conflicting indicators of labor market strength. #economy

WTF Chart Of The Day: Initial Jobless Claims Continue To Confuse

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