{"id":1507550,"date":"2024-12-12T13:45:22","date_gmt":"2024-12-12T18:45:22","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1507550"},"modified":"2024-12-12T13:45:22","modified_gmt":"2024-12-12T18:45:22","slug":"jobles-claims-explode-higher-in-first-week-of-december","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/jobles-claims-explode-higher-in-first-week-of-december\/1507550\/","title":{"rendered":"Jobles Claims Explode Higher In First Week Of December"},"content":{"rendered":"<p><span class=\"field field--name-title field--type-string field--label-hidden\">Jobles Claims Explode Higher In First Week Of December<\/span><\/p>\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p>The number of Americans filing for jobless benefits for the first time jumped significantly last week (from 225k to 242k &#8211; well above expectations of 220k) &#8211; the highest since the first week of October.<\/p>\n<p>On an un-adjusted basis, claims exploded higher (highest since January)&#8230;<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfm75A8.jpg?itok=adJOFRTc\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p>Oh, and in case you need someone to blame for this utter farce &#8211; it&#8217;s California of course. Just look at the last four weeks of unadjusted claims &#8211; exploding higher and crashing lower like a penny stock? Must be all those sanctuary-seeking illegals?<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/image%20%289%29_12.png?itok=eBElxC8P\"><\/a><\/p>\n<p>Continuing jobless claims remains below the 1.9mm Maginot Line (1.886mm) &#8211; hovering near the highest levels since Nov 2021&#8230;<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfmFB5E_1.jpg?itok=Xznim8Nt\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p>The seasonals in the initial claims data is just the &#8216;excuse&#8217; The Fed needs to feed the beast with another rate-cut next week&#8230; and then &#8216;revise&#8217; the print lower once again.<\/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, 12\/12\/2024 &#8211; 08:45<\/span><\/p>\n<p>\u200b<a href=\"https:\/\/www.zerohedge.com\/personal-finance\/jobles-claims-explode-higher-first-week-december\" target=\"_blank\" class=\"\" rel=\"noopener\">https:\/\/www.zerohedge.com\/personal-finance\/jobles-claims-explode-higher-first-week-december<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jobles Claims Explode Higher In First Week Of December The number of Americans filing for jobless benefits for the first time jumped significantly last week&#8230;<\/p>\n","protected":false},"author":0,"featured_media":1507551,"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-1507550","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-6kbk","jetpack_featured_media_url":"https:\/\/bugaluu.com\/news\/wp-content\/uploads\/sites\/3\/2024\/12\/bfm75A8-cvSlwC.jpeg","_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1507550","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=1507550"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1507550\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1507551"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1507550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1507550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1507550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}