Rate-Cuts? Jobless Claims Remain Low As Hurricane Effects Fade

The number of Americans filing for jobless benefits for the first time rose modestly last week from 215k to 224k – still obviously very low numbers…

Source: Bloomberg

Hurricane-related states (Florida and North Carolina) have seen initial claims crash to near record lows

Source: Bloomberg

Additionally, WTF is going in California…?

In the week leading up to Thanksgiving, claims surged by almost 5,000…

…and then last week, claims crashed by almost 10,000?

Continuing Claims dropped back below 1.9mm Americans (1.871mm)

Source: Bloomberg

Not exactly rate-cutting-type numbers, eh?