Initial Jobless Claims Jump To One-Month High

After exploding to its highest since Jan 2022, unadjusted jobless claims crashed lower last week while 'seasonally-adjusted’ initial jobless claims rose to 223k (its highest since the first week of December)…

Source: Bloomberg

Continuing jobless claims jumped higher to 1.899 million Americans, just shy of its highest since Nov 2021…

Source: Bloomberg

Certainly nothing new here and nothing that warrants a rate-cut next week.