{"id":1476709,"date":"2024-07-11T13:07:00","date_gmt":"2024-07-11T17:07:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1476709"},"modified":"2024-07-11T13:07:00","modified_gmt":"2024-07-11T17:07:00","slug":"initial-jobless-claims-plunged-last-week-by-most-in-10-months","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/initial-jobless-claims-plunged-last-week-by-most-in-10-months\/1476709\/","title":{"rendered":"Initial Jobless Claims &#8216;Plunged&#8217; Last Week By Most In 10 Months"},"content":{"rendered":"<p><span class=\"field field--name-title field--type-string field--label-hidden\">Initial Jobless Claims &#8216;Plunged&#8217; Last Week By Most In 10 Months<\/span><\/p>\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p>Initial jobless claims plunged from near one-year highs to two month lows last week at 222k (well below the 235k expectation). However, <strong>on an NSA basis, claims rose once again to their highest since February&#8230;<\/strong><\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfm6996_1.jpg?itok=XyFdkK8g\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p><strong>Continuing claims remain near their highest since Nov 2021,<\/strong> inching down from 1.856mm Americans to 1.852mm Americans last week&#8230;<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfm2A7C_0.jpg?itok=PNhJhhX6\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p><strong>So initial claims saw the biggest week-over-week drop since Sept 2023? <\/strong><\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfmADAA.jpg?itok=1Fg56zoI\"><\/a><\/p>\n<p>Makes perfect sense&#8230;<\/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\">Thu, 07\/11\/2024 &#8211; 09:07<\/span><\/p>\n<p>\u200b<a href=\"https:\/\/www.zerohedge.com\/personal-finance\/initial-jobless-claims-plunged-last-week-most-10-months\" target=\"_blank\" class=\"\" rel=\"noopener\">https:\/\/www.zerohedge.com\/personal-finance\/initial-jobless-claims-plunged-last-week-most-10-months<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Initial Jobless Claims &#8216;Plunged&#8217; Last Week By Most In 10 Months Initial jobless claims plunged from near one-year highs to two month lows last week&#8230;<\/p>\n","protected":false},"author":0,"featured_media":1476710,"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-1476709","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-6c9T","jetpack_featured_media_url":"https:\/\/bugaluu.com\/news\/wp-content\/uploads\/sites\/3\/2024\/07\/bfm6996_1-QiWjcz.jpeg","_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1476709","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=1476709"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1476709\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1476710"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1476709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1476709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1476709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}