Initial Jobless Claims Bounce Back To 1-Month-Highs (From Near 54-Year Lows)

After crashing near its lowest level in 54 years in the prior week, initial jobless claims jumped higher last week (from an upwardly revised 189k to 214k). Non-seasonally-adjusted claims tumbled…

Source: Bloomberg

Continuing claims also rose (from 1.806mm to 1.833mm) last week

Source: Bloomberg

How does any of that justify a March rate-cut (or 6 cuts this year)?


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