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Jobless Claims Spike to 965K, Highest Since Late Spring

Jobless Claims Spike to 965K, Highest Since Late Spring

What we’d been fearing a month ago regarding Initial Jobless Claims looks to have suddenly come true after weeks of lower weekly claims totals: last week, 965K new jobless claims were filed, much higher than the 800K expected, and even higher than the downwardly revised 784K reported a week ago. But if you look at a graph as of our 12-week...

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