Continuing Jobless Claims Top 1.9 Million Americans – Highest In 3 Years

The number of Americans filing for jobless benefits for the first time fell to 213k last week (from 215k) – the lowest since April 2024…

Source: Bloomberg

However, on a non-seasonally-adjusted basis, claims hit a four month high.

California was by far the largest single state increase in new claims while New Jersey saw a small decline…

Meanwhile continuing jobless rose to 1.907 million Americans – the highest in three years…

Source: Bloomberg

So, take your pick – the labor market is hot (claims at 7mo lows) or very cold (cont claims at 3 year highs)?