Jobless claims unexpectedly jumped for the week, according to the latest date from the Department of Labor…(DOL)
- Weekly initial claims jumped 55,000 to 286,000 for the week ending January 15th.
- Economists had actually projected a drop to 220,000 claims.
Continuing claims saw an even bigger jump for the week ending January 8th…
- Continuing claims were 1,635,000, an increase of 84,000 from the previous week’s revised level.
- Economists had projected a drop in claims to 1.58M.
This is the highest weekly claim total since October 21s t, 2021 when claims were 290,000.
- Weekly claims are now over 55% higher than the historic low reported on December 9th, 2021 when claims fell to 184,000.
