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US DATA: Hurricane Helene Drives A Sizeable Share Of Initial Claims Jump

US DATA
USGlobalEM BulletFixed Income BulletsData BulletBulletMarketsEmerging Market NewsForeign Exchange BulletsRegionNorth America
  • Initial jobless claims for the six states most heavily impacted by Hurricane Helene saw non-seasonally adjusted claims rise to 35.5k vs closer to the 20k or even a little below that is typical for the time of year,
  • Very roughly speaking, it could have biased the SA figure higher by around 15k or so.
  • The SA figure of 258k was 28k higher than consensus of 230k after 225k the week prior, although how much of the miss it accounted for depends on what was already factored into consensus.

 

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  • Initial jobless claims for the six states most heavily impacted by Hurricane Helene saw non-seasonally adjusted claims rise to 35.5k vs closer to the 20k or even a little below that is typical for the time of year,
  • Very roughly speaking, it could have biased the SA figure higher by around 15k or so.
  • The SA figure of 258k was 28k higher than consensus of 230k after 225k the week prior, although how much of the miss it accounted for depends on what was already factored into consensus.