​WTF Chart Of The Day: Initial Jobless Claims Continue To Confuse – Tyler Durden

WTF Chart Of The Day: Initial Jobless Claims Continue To Confuse Having torn apart the “official” BLW labor market data earlier in the month, this morning’s jobless claims data remains a mystery. Unadjusted initial jobless claims tumbled to +177k – practically a record low while adjusted claims has been flat for the last month… Source: Bloomberg Continuing claims was flat on the week at 1.85mm Americans… Source: Bloomberg But the gap between the unemployment rate and unadjusted claims continues to widen… Source: Bloomberg …how can The Fed cut rates with near-record-low initial jobless claims prints? Tyler Durden Thu, 09/12/2024 -…  — Continue at ZeroHedge News : Read More