This is better than economists were expecting, though continuing claims are now at the highest since November 2021.
Michigan saw the largest drop (-7,917) due to fewer manufacturing layoffs
Georgia posted the biggest increase (+3,293), citing layoffs across manufacturing, healthcare, and food services
Florida (-3,257) reported fewer layoffs across multiple sectors including agriculture, construction, and retail, very likely due to the rebound from the hurricane
New York saw a notable increase (+2,340) driven by transportation, warehousing, and public admin layoffs
This article was written by Adam Button at www.forexlive.com.
Leave a Reply