Initial Jobless Claims Jump Most Since May To 3-Month Highs

The last four weeks have seen initial jobless claims rise over 7.7% (~19k), the fastest pace in 5 months, pushing to 265k, the highest level since the start of August. For context, while initial claims have been stable at near record lows this year, claims have not 'improved' since July 2015.

 

 

Too soon to call it a trend, but initial claims has now risen for 4 straight weeks despite the ongoing collapse in continuing claims to fresh 16 year lows…

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