Initial Jobless Claims Jump As YTD Job Cuts Hit Highest Since 2009, AI Blamed Initial jobless claims rose more than expected last week to 231k (212k exp) from 209k prior. While a significant rise, it remains – for now – within the low range of the last four years… Source: Bloomberg Continuing claims also rose modestly, but less than expected. 1.844mm Americans are currently filing for jobless benefits (below the 1.85 million expected, but up from the 1.819 million the prior week). Notably this is still well below the 1.9 million Maginot Line that has become a switching level for… — Continue at ZeroHedge News : Read More
