Initial Jobless Claims Plunge Near 44 Year Lows As Continuing Claims Hit 4 Month Highs

Initial jobless claims plunged 28k to 235k - the second lowest print since 1973 - after surging in the post-Trump era. However, completly opposite to that possible holiday-related print, continuing jobless claims rose once again to its highest since the beginning of September.

Continuing claims are up 6 of the 7 weeks post Trump - the biggest rise since May 2009.

We suepect the plunge in claims is holiday-date related.

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