IPFS News Link • Employment & Jobs
Initial Jobless Claims Soars To Highest Since Nov 2021
• https://www.zerohedge.com, by Tyler DurdenThere was a big jump in unadjusted continuing claims across all programs...
The unexpectedly large rise in claims was driven a surge in New York (vaccine mandate related?)
This ongoing surge in jobless claims fits much more with the narrative being told by ISM Manufacturing and Services surveys...
Still think the economy is strong enough to withstand a 100bps hike next week?