Liz Ann Sonders reports rise in US jobless claims
@LizAnnSonders: US jobless claims increase
The latest US jobless claims statistics show an increase in both initial and continuing claims.
According to Liz Ann Sonders, Chief Investment Strategist at Charles Schwab, initial jobless claims rose to 240,000, surpassing the estimated 230,000 and the previous week's 226,000. Continuing jobless claims also saw an uptick to 1.919 million, exceeding both the expectations and the revised prior figure of 1.893 million.
The report highlighted significant increases in initial claims in Michigan (+3,300), California (+1,400), and Nebraska (+1,300). Conversely, declines were observed in Illinois (-670), Texas (-624), and Maryland (-459). This shift in jobless claims adds complexity to the labor market dynamics as stakeholders assess economic conditions.
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These latest jobless figures underscore the volatility within key segments of the U.S. economy—a theme evident in Liz Ann Sonders’s recent commentary on the strong rebound in the Kansas City Fed services index relative to manufacturing. Attention to inflationary pressures also remains critical, as highlighted by movements in the core PCE price index that continue to shape policy and market expectations.
In the previous news, tweet author Liz Ann Sonders discussed investment strategies amid market volatility.
