​Initial Jobless Claims Exploded To 13-Month Highs Last Week – Tyler Durden

Initial Jobless Claims Exploded To 13-Month Highs Last Week Having exposed the total decoupling from reality in initial claims recently (near multi-decade lows despite surging job cuts, weak labor market survey indicators, and higher unemployment rates), last week saw the numbers provided by the government suddenly explode higher (by the most since July 2021) to the highest since August 2023 (258k)… Source: Bloomberg Continuing jobless claims also spiked from 1.816mm to 1.861mm Americans… Source: Bloomberg Finally, of course, Hurricane Helene has had a big impact on these numbers (with North Carolina seeing a major surge in initial claims, and storm-affected…  — Continue at ZeroHedge News : Read More