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17.07.25 - 15:12
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′DOGE′ Effect Accelerates As ′Deep Tristate′ Jobless Claims Hit 4 Year high (ZeroHedge)
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'DOGE' Effect Accelerates As 'Deep Tristate' Jobless Claims Hit 4 Year high
The number of Americans filing for jobless benefits for the first time fell last week to 221k - the lowest in 3 months - as this high frequency labor market signal shows no signs of cracking for now. Initial jobless claims have gone literally nowhere for four years...
Source: Bloomberg
New York and Nevada saw the largest week over week rise in jobless claims...
Overall, continuing claims remains stubbornly above the 1.9 million Americans level - its highest since Nov 2021...
Source: Bloomberg
Finally, the DOGE impact is very clear now as continuing jobless claims in the 'Deep Tristate' region continue to soar - now at their highest since Dec 2021...
Source: Bloomberg
Something Musk can be proud of?
Tyler Durden
Thu, 07/17/2025 - 08:56...
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17.07.25 - 15:06
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US Economy: Retail Sales Surge in June, Jobless Claims Fall (Bloomberg)
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US retail sales rebounded in June as the value of retail purchases, not adjusted for inflation, increased 0.6% after a sharp decline in May. Elsewhere, applications for US unemployment benefits decreased for a fifth straight week to the lowest level since mid-April. Michael McKee reports on Bloomberg Television. (Source: Bloomberg)...
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17.07.25 - 14:57
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USA: Erstanträge auf Arbeitslosenhilfe sinken überraschend weiter (DPA-AFX)
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Die Erstanträge auf Arbeitslosenunterstützung in den USA sind überraschend weiter gefallen. In der vergangenen Woche ging die Zahl der Hilfsanträge um 7.000 auf 221.000 zurück, wie das Arbeitsministerium am Donnerstag in Washington mitteilte. Volkswirte wurden von der Entwicklung überrascht. Sie hatten im Schnitt einen Anstieg auf 233.000 Anträge erwartet. Der Wert der Vorwoche wurde leicht nach oben revidiert..
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17.07.25 - 14:01
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UK Unemployment Rate Rises; Wage Growth Slows (AFX)
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LONDON (dpa-AFX) - The U.K. jobless rate rose unexpectedly to a near four-year high and wage growth softened in the three months to May, suggesting that the labor market is cooling. Data from the ......
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17.07.25 - 13:48
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TSMC Stock Surges on AI Hype, UK Unemployment Highest in Four Years | The Opening Trade 07/17 (Bloomberg)
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TSMC boosted its outlook for the year after delivering record profit despite currency headwinds and the drag from US tariff uncertainty. The company raised its full-year revenue growth forecast to 30%, but said it's taking a “conservative attitude”.
Chancellor of the Exchequer Rachel Reeves' first budget appears to have cost fewer jobs than previously estimated, casting fresh doubt over the state of the British labor market after a string of data issues in recent years. Bank of England Governor Andrew Bailey guiding markets toward more reductions and traders putting the odds of a quarter-point cut next month at over 80%.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards and Lizzy Burden. (Source: Bloomberg)...
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