US Economy: Jobless Claims Unexpectedly Jump to 249,000

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Initial applications for US unemployment benefits rose last week by 14,000, jumping to the highest level in nearly a year, while continuing claims hit the highest since November 2021. Michael McKee reports on Bloomberg Television.
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That's what we call a recession 😂

brettdavidson

Good news of Labor costs ? You mean bad news for working people

bleacherz

They forget that a company is comprised of workers. We don't have real manufacturing jobs in the US anymore due to outsourcing. So, when they grocery stores and fast food places let people go, they don't have money to spend. Those are some of the only businesses you couldn't outsource- until AI. However, the deflationary cycle has already began. That will only add fuel to the fire.

PickledPixiePie

democrats and the economy and immigration and, and, and don't forget to vote

TheFlwildman

No this was expected, and it's getting worse. Only the out of touch and unhinged at the top of the ladders are not seeing what is happening.

VaxisPraxis

That's why they're cutting rate's next meeting.

daithomas

Wait until the small banks start closing down and inflation not going down.
Oil up doto wars, pain is comming
Unfortunately

Michael-kxim

Time for bankruptcy chapter 7. Oh well!

Herodotus__

Its only the beginning of a lot of bad news coming soon, one jobless rate hits 4.2 we’re officially in a recession! Im sure this will be enough to do that, good times are over!!

davido

The jump is probably due to trump campaign and RNC lay offs due to donor issues. Can't keep the whole family on the grift...

robertward

more unemployed = higher productivity (less people doing same work), that seems like pretty basic math

davidguerrero

This reporter might have some cardiac problem for sure

m.i

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