Initial Jobless Claims Jump Most Since 2016's Growth Scare

Ignoring the storm-driven aberrations, this week’s 10k jump in initial jobless claims to 249k signals a notable regime shift in the labor market. For the first time since 2016’s growth scare, there are more Americans opening jobless claims than last year…

In fact, there are over 4% more people on initial jobless claims than this time last year…