{"id":1493682,"date":"2024-10-03T12:36:47","date_gmt":"2024-10-03T16:36:47","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1493682"},"modified":"2024-10-03T12:36:47","modified_gmt":"2024-10-03T16:36:47","slug":"jobless-claims-remain-low-despite-50-plus-surge-in-job-cuts","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/jobless-claims-remain-low-despite-50-plus-surge-in-job-cuts\/1493682\/","title":{"rendered":"Jobless Claims Remain Low Despite 50%-Plus Surge In Job Cuts"},"content":{"rendered":"<p><span class=\"field field--name-title field--type-string field--label-hidden\">Jobless Claims Remain Low Despite 50%-Plus Surge In Job Cuts<\/span><\/p>\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p>On the heels of<strong> a 53.4% YoY rise in job cut announcements <\/strong>(released by Challenger, Gray, &amp; Christmas), initial jobless claims remain in a world of their own, rising very modestly to 225k from 219k&#8230;<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfmAA99.gif?itok=GMZPBfaY\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p>Initial claims (SA and NSA) remain rangebound &#8211; showing absolutely ZERO indication of labor market stress&#8230;<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfm3FA.gif?itok=CnEfLAK1\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p>Continuing claims were flat at 1.826mm Americans<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfm73A.gif?itok=bOEbj8TX\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p>Additionally, jobless claims are also completely <strong>decoupled from the BLS&#8217; official unemployment rate<\/strong>&#8230;<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfmB2E9.gif?itok=GPgoGF81\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p>So, JOLTS and Claims are super strong while &#8216;soft&#8217; survey data (ISM\/PMI\/UMICH\/<strong>CONF BOARD<\/strong>) all show labor market indicators tumbling&#8230;<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfm670B.gif?itok=zwvrTI2y\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p>&#8230;take your pick to support your political pundit&#8217;s choice of how many more rate-cuts we get this year (with stocks and home prices at record highs).<\/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, 10\/03\/2024 &#8211; 08:36<\/span><\/p>\n<p>\u200b<a href=\"https:\/\/www.zerohedge.com\/personal-finance\/jobless-claims-remain-low-despite-50-plus-surge-job-cuts\" target=\"_blank\" class=\"\" rel=\"noopener\">https:\/\/www.zerohedge.com\/personal-finance\/jobless-claims-remain-low-despite-50-plus-surge-job-cuts<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jobless Claims Remain Low Despite 50%-Plus Surge In Job Cuts On the heels of a 53.4% YoY rise in job cut announcements (released by Challenger,&#8230;<\/p>\n","protected":false},"author":0,"featured_media":1493683,"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-1493682","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-6gzE","jetpack_featured_media_url":"https:\/\/bugaluu.com\/news\/wp-content\/uploads\/sites\/3\/2024\/10\/bfmAA99-5iPcaz.gif","_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1493682","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=1493682"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1493682\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1493683"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1493682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1493682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1493682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}