Jobless Claims, Productivity Higher; TM, WEN, CROX Report

Thursday, August 1st, 2024We have a big morning of market data, so we’d best get to it. Initial Jobless Claims came in at their highest levels in almost a year, to 249K — well above the 235K anticipated, which was also the unrevised total for the previous week. This is more evidence of a weakening labor market: we were at 209K new claims back in late April. Continuing Claims reached their highest levels since November 2021 at 1.877 million — above the 1.844 million in the previous week’s revision.Q2 Product ...