Initial Claims Hold Worst Levels In 6 Months As Shale State Joblessness Re-Surges

After some 'stability' in the last few weeks, initial jobless claims in the major shale states has started to rise again with Texas the most impacted for now. Overall initial jobless claims rose very modestly to 291k, but leaves the 4-week average above 300k for the 2nd week in a row - the first time in over 6 months. Contonuing claims rose modestly also, confirming the change in trend from improving to stable-to-deteriorating again.

 

Overall initial claims hovering at its worst level in over 6 months...

 

Texas Initial Claims are starting to ramp up again

 

 

 

Charts: Bloomberg