Initial Jobless Claims At 5-Month Highs As Layoffs Accelerate

The number of Americans seeking jobless benefits for the first time was 229k last week, pushing the 4-week average to its highest since late-January.

Additionally, continuing claims rose very modestly from 1.31 million to 1.315 million Americans.

Source: Bloomberg

Overall, the total; number of Americans on some form of dole rose over 14,000 to almost 1.3 million people…

We suspect things are about to accelerate rather notably in claims data as layoffs have very recently started to accelerate dramatically…


Mission Accomplished Mr.Powell?

Read further at ZeroHedge

Leave a Reply

Your email address will not be published. Required fields are marked *