The number of Americans filing for jobless benefits for the first time tumbled to 217k last week - the lowest in three months and unchanged since Dec 2021...
Source: Bloomberg
New York State dominated the decline in initial jobless claims.
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Continuing Claims holds above 1.9 million Americans for the 9th week in a row...
Source: Bloomberg
And on the ongoing jobless claims are centered on the 'Deep Tristate' region with the highest level of ongoing claims since Dec 2021...
Source: Bloomberg
DOGE is quietly working behind the scenes...