Massachusetts has issued a notification stating that the recent jobless claims report was incorrect due to data fraudulent suspicion in this state. Financial markets are not reacting to this information so far.
The state of Massachusetts was the region, in which the largest increase in the number of jobless claims was recorded. If these data were indeed false, the overall number of claims filed could significantly deviate from the actual analytical consensus. Source: ZeroHedge
As a reminder, the jobless claims came in at 264k compared to the expected 245k and the previous reading of 242k. The reading of 264,000 surpasses levels not seen since October 2021! Source: XTB.
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