🚨 BREAKING : JOBLESS CLAIMS JUST HIT 216K
US Initial Jobless Claims:
• Actual: 216,000
• Forecast: 225,000
+ This print came in better than expected, signaling that the labor market despite clear pockets of weakness still isn’t breaking.
But here’s the real takeaway:
➡️ Claims are improving, while payrolls, unemployment trends, and hours worked are all softening.
➡️ This divergence is exactly what the Fed watches before cutting rates more aggressively.
Bottom line:
The labor market is cooling, not collapsing and that keeps December rate-cut odds elevated.
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