{"id":1475044,"date":"2024-07-03T12:39:09","date_gmt":"2024-07-03T16:39:09","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1475044"},"modified":"2024-07-03T12:39:09","modified_gmt":"2024-07-03T16:39:09","slug":"initial-jobless-claims-disappoint-again-continuing-claims-worst-since-dec-2021","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/initial-jobless-claims-disappoint-again-continuing-claims-worst-since-dec-2021\/1475044\/","title":{"rendered":"Initial Jobless Claims Disappoint (Again), Continuing Claims Worst Since Dec 2021"},"content":{"rendered":"<p><span class=\"field field--name-title field--type-string field--label-hidden\">Initial Jobless Claims Disappoint (Again), Continuing Claims Worst Since Dec 2021<\/span><\/p>\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p>Following a weaker than expected AP print, jobless claims data is worse than expected too.<\/p>\n<p>Initial claims rose to 238k last week from a revised 234k (and above the 235k expected). <strong>On an NSA basis, this is the highest since January&#8230;<\/strong><\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfmBA22_0.jpg?itok=sn5fxtHm\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p>Continuing claims continue to rise also, hitting <strong>1.858 million Americans last week &#8211; the highest since Dec 2021&#8230;<\/strong><\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfmD7F2.jpg?itok=-pr_Ykdw\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p>The trend (4-week moving average) in initial claims is clear&#8230; and is starting to catch up to WARNs and Job Cuts&#8230;<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfm4237.jpg?itok=eGk_KHn0\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p>Have Powell and Biden suddenly decided its ok to <a href=\"https:\/\/www.zerohedge.com\/markets\/why-powell-may-shock-markets-july-rate-cut\"><strong>admit reality in order to force a July rate-cut and save the election?<\/strong><\/a><\/p>\n<\/div>\n<p>      <span class=\"field field--name-uid field--type-entity-reference field--label-hidden\"><a title=\"View user profile.\" href=\"https:\/\/cms.zerohedge.com\/users\/tyler-durden\" class=\"username\">Tyler Durden<\/a><\/span><br \/>\n<span class=\"field field--name-created field--type-created field--label-hidden\">Wed, 07\/03\/2024 &#8211; 08:39<\/span><\/p>\n<p>\u200b<a href=\"https:\/\/www.zerohedge.com\/personal-finance\/initial-jobless-claims-disappoint-again-continuing-claims-worst-dec-2021\" target=\"_blank\" class=\"\" rel=\"noopener\">https:\/\/www.zerohedge.com\/personal-finance\/initial-jobless-claims-disappoint-again-continuing-claims-worst-dec-2021<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Initial Jobless Claims Disappoint (Again), Continuing Claims Worst Since Dec 2021 Following a weaker than expected AP print, jobless claims data is worse than expected&#8230;<\/p>\n","protected":false},"author":0,"featured_media":1475045,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1475044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbimBl-6bJ2","jetpack_featured_media_url":"https:\/\/bugaluu.com\/news\/wp-content\/uploads\/sites\/3\/2024\/07\/bfmBA22_0-43Iyka.jpeg","_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1475044","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=1475044"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1475044\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1475045"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1475044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1475044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1475044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}