BREAKING: Highest initial jobless claims since August last year

1:38 PM 9 May 2024

US Initial Jobless Claims: 231K (est 212K, prevR 209K)

US100 bid into this print so far. Of course, a single reading does not accurately depict the ongoing changes in the labor market, but juxtaposing this with the NFP data shows us a picture of a somewhat tighter situation in the US

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