{"id":1469763,"date":"2024-06-06T12:59:48","date_gmt":"2024-06-06T16:59:48","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1469763"},"modified":"2024-06-06T12:59:48","modified_gmt":"2024-06-06T16:59:48","slug":"initial-jobless-claims-rise-near-8-month-highs","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/initial-jobless-claims-rise-near-8-month-highs\/1469763\/","title":{"rendered":"Initial Jobless Claims Rise Near 8-Month Highs"},"content":{"rendered":"

Initial Jobless Claims Rise Near 8-Month Highs<\/span><\/p>\n

\n

Another week, another government-sponsored jobless claims print to mock.<\/p>\n

According to the propaganda spreadsheet at Biden’s Department of Labor, 229,000 Americans filed for jobless benefits for the first time last week<\/strong>, up from an upward revised 221,000 the prior week, and above the 220,000 median estimate.<\/p>\n

<\/a><\/p>\n

There were no major outliers this week: Minnesota and California saw the largest jump in claims while Michigan and Texas saw the biggest declines.<\/p>\n

<\/a><\/p>\n

Continuing claims was basically flat just below 1.8 million Americans, again, but we do note that the ‘trend’ for claims is up (4-week MA at 8 month highs)…<\/p>\n

<\/a><\/p>\n

And yet, despite the rock-solid (if modestly deteriorating) government data, WARNs and job Challenger cut announcements (not provided by the government) remain notably elevated and continue to rise…<\/p>\n

<\/a><\/p>\n

So like last week, we ask: is everyone who is getting laid off immediately <\/em>being hired by NVDA? And how soon after the election will all this “data” be revised higher…<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nThu, 06\/06\/2024 – 08:59<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/markets\/initial-jobless-claims-rise-near-8-month-highs<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Initial Jobless Claims Rise Near 8-Month Highs Another week, another government-sponsored jobless claims print to mock. According to the propaganda spreadsheet at Biden’s Department of…<\/p>\n","protected":false},"author":0,"featured_media":1469764,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1469763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1469763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1469763"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1469763\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1469764"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1469763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1469763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1469763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}