Continuing Jobless Claims Hit 3-Year-Highs As Initial Claims Hold Near 7-Month-Lows

Initial jobless claims for the week ending 12/21 were flat on the prior week at 219k, holding near 8 month lows...

Source: Bloomberg

But, continuing job less claims keep rising, this week topping 1.9mm once again at the highest since Nov 2021...

Source: Bloomberg

So once again America - is the labor market naughty or nice?