And the year end seasonal divergence starts: while seasonally adjusted claims came at 388,000, a 34,000 drop from the prior week, and 30k below consensus, it is the Non-Seasonally adjusted number which probably provides a far better indication of what is happening: and at 521,834 it was a 24,879 increase from last week's 497k. Additionally, the 99 week cliff continues impacting more and more claims recipients: a total of 150k people dropped from EUCs and Extended claims. Lastly continuing claims increased on a Seasonally Adjusted basis by 57K to 4.128MM even as the actual NSA number declined.
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