US initial jobless claims 216K vs 225K expected

  • The US Initial and Continuing jobless claims data
jobless claims
  • Prior 220K (revised to 222K)
  • Continuing claims 1960K vs 1969K expected
  • Prior 1974K (revised to 1953K)

Jobless claims continue to point to a "low firing, low hiring" labour market. The data is not going to change anything for the Fed at this point though with the probabilities for a December cut now standing around 79%.

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