​Jobless Claims Remain Low Despite 50%-Plus Surge In Job Cuts – Tyler Durden

Jobless Claims Remain Low Despite 50%-Plus Surge In Job Cuts On the heels of a 53.4% YoY rise in job cut announcements (released by Challenger, Gray, & Christmas), initial jobless claims remain in a world of their own, rising very modestly to 225k from 219k… Source: Bloomberg Initial claims (SA and NSA) remain rangebound – showing absolutely ZERO indication of labor market stress… Source: Bloomberg Continuing claims were flat at 1.826mm Americans Source: Bloomberg Additionally, jobless claims are also completely decoupled from the BLS’ official unemployment rate… Source: Bloomberg So, JOLTS and Claims are super strong while ‘soft’ survey data…  — Continue at ZeroHedge News : Read More