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US Economy Surprises Again As Jobless Claims Drop, GDP Revised Up
A two-week jump in initial US jobless claims in and around the Thanksgiving holiday was another false start.
Or so it seemed after Thursday's update, which found the initial filers headline dropping 22,000, erasing most of the spike seen over the prior two weeks.
At just 220,000, the print was 10,000 below consensus, and suggests, yet again, that the US labor market isn't close to any sort of cliff edge.
Do note: This release covered NFP survey week for December.
Continuing claims for the
An economy firing on almost all cylinders how will Trump screw it up? Tariffs? Fed fight? Elon Musk? Republican fratricide? Ukraine, Middle East, Taiwan? His handling of Covid is a clue of how wrong it can all go.