Initial & Continuing Jobless Claims Continue To Ignore Reality

Initial & Continuing Jobless Claims Continue To Ignore Reality
Initial & Continuing Jobless Claims Continue To Ignore Reality

原始链接: https://www.zerohedge.com/markets/initial-continuing-jobless-claims-continue-ignore-reality

2024 年初，包括Everybody、Wisense、CodeSee、Twig、Twitch、Roomba、Bumble、Farfetch、Away、Hasbro、LA Times、Wint Wealth、Finder、Spotify、Buzzfeed、Levi's、Xerox、Qualtrics、Wayfair、Duolingo、Rivian 在内的众多公司、华盛顿邮报、Snap、eBay、索尼互动、Expedia、商业内幕、Instacart、PayPal、Okta、嘉信理财、Docusign、Riskified、EA、Motional、Mozilla、Vacasa、思科、UPS、耐克、贝莱德、派拉蒙、花旗集团、蒂森克虏伯、百思买、百乐嘉利宝、Outback Steakhouse、诺斯罗普·格鲁曼、皮克斯和百里高经历了大规模裁员，影响了高达 100% 的员工。然而，与此同时，美国劳工部的官方统计数据显示，新申请失业救济人数减少，降至 20.7 万人，并继续保持在历史新低水平。与此同时，工人调整和再培训通知（WARN）出现了前所未有的激增，表明美国劳工部报告的就业数据中没有反映出广泛的解雇情况。这些差异可能会影响即将到来的选举季的政治叙事。

原文

In the real world labor market, 2024 has been a shitshow of layoffs...

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

But, according to the government-supplied data...

The number of Americans filing for jobless benefits for the first time last week dropped to just 207k (SA), below the 215k expectation, and back near YTD lows.

Source: Bloomberg

Continuing Claims also improved (though still a little elevated) falling back below 1.8mm (1.781mm to be exact) - near the lowest of the year...

Source: Bloomberg

But, here's the thing... WARNs are soaring... and Challenger-Grey just announced that March saw the most job cuts (90,309) since January 2023...but government-supplied data on initial jobless claims continues to smoothly tick along near record lows...

Source: Bloomberg

Ah, Bidenomics!!

If Trump wins in November, will all this data suddenly be 'allowed' to reflect reality?