Initial Jobless Claims Soar Most In 2 Years Following Trump Election

In the two weeks since Donald Trump was elected, initial jobless claims have soared by over 35,000 (or over 15%) to 5-month highs. This is the biggest two-week rise since December 2014 and is entirely against the exuberant narrative being spun by US equity markets.

 

One can't help but wonder what the sudden 'odd' collapse to 43 yeasr lows right into the election was all about...