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Overblown Claims
Initial US jobless claims rose a second week, handily topping estimates in the process, according to Thursday's only notable US macro release.
The headline initial filers print, 223,000, was easily ahead of the 210,000 consensus, and counted as the highest print since early last month.
Of course, "high"'s a relative term when we're talking about initial claims. This series hasn't consistently evidenced anything concerning in a very, very long time. Each and every nascent spike subsequently pro
Perhaps might some off the week over week increase in initial claims have to do with the CA fires?