Thursday, May 9, 2024

Reality Dawns? Initial Jobless Claims Suddenly Spike To Highest In 9 Months

 With WARNs high, payrolls slowing, JOLTS data tumbling - led by construction jobs collapsing, and Challenger-Grey layoffs remarkably elevated, why would anyone question the government's official data on jobless claims - that continue to languish near record lows.

That is the largest weekly claims since August 2023, and the third biggest weekly jump since 2021.

Is the real world labor market starting to appear in the government's data?

1. Everybuddy: 100% of workforce

2. Wisense: 100% of workforce

3. CodeSee: 100% of workforce

4. Twig: 100% of workforce

5. Twitch: 35% of workforce

6. Roomba: 31% of workforce

7. Bumble: 30% of workforce

8. Farfetch: 25% of workforce

9. Away: 25% of workforce

10. Hasbro: 20% of workforce

11. LA Times: 20% of workforce

12. Wint Wealth: 20% of workforce

13. Finder: 17% of workforce

14. Spotify: 17% of workforce

15. Buzzfeed: 16% of workforce

16. Levi's: 15% of workforce

17. Xerox: 15% of workforce

18. Qualtrics: 14% of workforce

19. Wayfair: 13% of workforce

20. Duolingo: 10% of workforce

21. Rivian: 10% of workforce

22. Washington Post: 10% of workforce

23. Snap: 10% of workforce

24. eBay: 9% of workforce

25. Sony Interactive: 8% of workforce

26. Expedia: 8% of workforce

27. Business Insider: 8% of workforce

28. Instacart: 7% of workforce

29. Paypal: 7% of workforce

30. Okta: 7% of workforce

31. Charles Schwab: 6% of workforce

32. Docusign: 6% of workforce

33. Riskified: 6% of workforce

34. EA: 5% of workforce

35. Motional: 5% of workforce

36. Mozilla: 5% of workforce

37. Vacasa: 5% of workforce

38. CISCO: 5% of workforce

39. UPS: 2% of workforce

40. Nike: 2% of workforce

41. Blackrock: 3% of workforce

42. Paramount: 3% of workforce

43. Citigroup: 20,000 employees

44. ThyssenKrupp: 5,000 employees

45. Best Buy: 3,500 employees

46. Barry Callebaut: 2,500 employees

47. Outback Steakhouse: 1,000

48. Northrop Grumman: 1,000 employees

49. Pixar: 1,300 employees

50. Perrigo: 500 employees

51. Tesla: 10% of workforce 

https://www.zerohedge.com/markets/reality-dawns-initial-jobless-claims-suddenly-spike-highest-9-months

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