Initial jobless claims tumbled last week from 242k to 227k as the impact of Hurricane Helene starts to fade from the benefits rolls...
Source: Bloomberg
However, Hurricane Milton's impact on Florida is suddenly very evident...
...as North Carolina claims fall back.
..
Source: Bloomberg
However, continuing jobless claims rose to 1.897 million Americans - the highest since Nov 2021...
Source: Bloomberg
So, take your pick! Cut rates because of soaring continuing claims... or 'hold' as initial claims revert back towards multi-year lows?