​Initial Jobless Claims Drop As Storm Impact Fades – Tyler Durden

Initial Jobless Claims Drop As Storm Impact Fades After last week’s storm- and strike-driven surge in initial jobless claims, the headline data slipped back from 260k (revised higher) to 241k… Source: Bloomberg On an unadjusted basis, initial claims remain high (but off their highs) while continuing claims pushed higher from 1.858mm Americans to 1.867mm Americans… Source: Bloomberg The impact of Hurricane Helene (North Carolina) will continue to be felt… Presumably, this does not include the impact of Milton??? Source: Bloomberg But analysts expect that to fade as all that lovely money from FEMA flows into the local economy (oh wait…).…  — Continue at ZeroHedge News : Read More