Thursday, July 18th, 2024Another Thursday morning, another Weekly Jobless Claims report. On an Initial Claims basis, we jump back up to where we were two weeks ago, to +243K new claims — a near-term high going back to August of last year. The previous week was upwardly revised slightly to +223K, which is where we had been much of this past spring. For sure, the sub-200K new jobless claims of late 2023 are clearly a thing of the past.Continuing Claims is arguably the more important data set. Here the news is ...