Initial Jobless Claims Surge Most In 10 Months

This trend does not appear to be your friend. Initial Jobless Claims are unchanged since February 2016 after today's 18k spike to 258k. The last 3 weeks have seen a 15% surge in claims - the biggest spike since May 2016 (and before that since Dec 2013).

 

One wonders how this is possible in an economy that is set for rate-hikes-a-palooza...