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Initial Jobless Claims Show No Signs Of Labor Market Distress
After the shutdown, we have seen an uptick in initial jobless claims in the 'Deep TriState'...
Source: Bloomberg
Continuing jobless claims bounced back a little from the big Thanksgiving week plunge but remain well off recent highs...
Source: Bloomberg
So despite the uptick in the BLS-derived unemployment rate, jobless claims data show no signs of acute distress anywhere.