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@ ZeroHedge News (RSS Feed)
2025-05-29 12:39:53
DOGE Is Working: Continuing Jobless Claims In 'Deep TriState' Surge To 4 Year Highs
DOGE Is Working: Continuing Jobless Claims In 'Deep TriState' Surge To 4 Year Highs
The number of Americans filing for jobless benefits for the first rose to 240k last week - the most in a month and more than expected...
https://cms.zerohedge.com/s3/files/inline-images/bfm25B2.jpg?itok=9lUXT1NC
Source: Bloomberg
The 240k print was 6 standard deviations above expectations (and above the highest estimate)...
https://cms.zerohedge.com/s3/files/inline-images/2025-05-29_05-40-37.jpg?itok=-Nxc1HAZ
Source: Bloomberg
Michigan (and an estimated California) saw the biggest jump in initial claims while Illinois and Texas saw the biggest drop in initial claims last week...
https://cms.zerohedge.com/s3/files/inline-images/image%20%288%29_13.png?itok=CcBV7LtA
Continuing claims rose further to 1.919 million Americans - the most since November 2021...
https://cms.zerohedge.com/s3/files/inline-images/bfmDEE9.jpg?itok=cdk4eNv2
Source: Bloomberg
It seems like DOGE is working as continuing jobless claims in the 'Deep TriState' continues to surge
https://cms.zerohedge.com/s3/files/inline-images/bfm87BB_0.jpg?itok=TrFeCksB
Source: Bloomberg
And initial claims remain elevated in the DC, VA, MD region...
https://cms.zerohedge.com/s3/files/inline-images/bfm5BCD.jpg?itok=Sl7bUCXO
Source: Bloomberg
So, while Musk is rightly disappointed at the lack of spending cuts in the budget, he can be proud that some of the waste in employees is finally being drained from the swamp.
https://cms.zerohedge.com/users/tyler-durden
Thu, 05/29/2025 - 08:39
https://www.zerohedge.com/markets/doge-working-continuing-jobless-claims-deep-tristate-surge-4-year-highs