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IPFS News Link • Business/ Commerce

Continuing Jobless Claims Disappoint As Part-Time Jobs Recover, Full-Time Lags

• Zero Hedge - Tyler Durden

For some reason, the line in the sand for 'good' news on initial jobless claims has become 1 million. Twice in the last four weeks, there has been fewer than 1 million Americans filing for first time unemployment benefits (and before that there were 20 straight weeks well above 1 million per week).

Last week saw 884k Americans filed for first time claims - oddly the exact same as the revised higher number from the prior week...

Source: Bloomberg

But, non-seasonally-adjusted initial claims rose for the second week in a row...

Source: Bloomberg

Disappointingly, continuing claims rose week-over-week by 131k top 13.385 million...

Source: Bloomberg