​Initial Jobless Claims Drop Back Near Multi-Decade Lows – Tyler Durden

Initial Jobless Claims Drop Back Near Multi-Decade Lows Just a week after The Fed slashed rates by a crisis-like 50bps, initial jobless claims tumbled back towards multi-decade lows (217k)… Source: Bloomberg Texas and New York saw the biggest drops in initial claims… Continuing claims ticked up modestly to 1.834mm Americans… Source: Bloomberg If claims have any value in reality, then it seems unemployment rates are set to drop further… Source: Bloomberg Does that look like an economic background that prompts The Fed to almost unanimously decide to cut rates by 50bps? Tyler Durden Thu, 09/26/2024 – 08:43  — Continue at ZeroHedge News : Read More