Initial claims continue to warrant a yellow flag for attention
– by a New Deal Democrat Initial jobless claims last week rose 11,000 to 239,000. The more important 4-week average rose 2,250 to 240,000. Continuing claims, one week late, fell…
Jobless claims: no one (yet!) has been laid off
– by a New Deal Democrat Initial jobless claims fell -20,000 this week, back below 200,000 to 192,000. The 4-week average fell from -750 to 196,500. Continuing claims, delayed by…
Jobless claims, such as JOLTS, correspond to a softening within a strong labor market
– by a New Deal Democrat Initial jobless claims rose by 21,000 last week to 211,000, still a very small number, even if it was the highest since early January.…