Continuing Jobless Claims Surges To 2 Year High
The number of Americans filing for jobless benefits for the first time last week jumped to 231k (from an upwardly revised 218k), up to its highest since August…
Worse still, continuing claims keeps rising, to 1.864mm – the highest since November 2021…
And it’s going to get worse, as Goldman reminds us that ongoing seasonal distortions have increasingly weighed on the level of continuing claims over the last six months, and we now expect that the reversal of those distortions could exert a cumulative boost of 375k to the level of continuing claims between now and March.
We’re gonna need more seasonal adjustments.
Thu, 11/16/2023 – 08:34
Source: Zero Hedge News
5 total views, 1 views today