Summary:
New jobless claims decline for a (recent) change For the last several months, there has has been nearly a relentless slow increase in new jobless claims. That trend broke, at least for this week. Initial jobless claims declined by 2,000 to 250,000. More importantly, the 4 week average also declined by 2,750 to 246,750. Continuing claims rose 7,000 to 1,437,000, the highest since April: Claims have been on track to turn higher YoY in November, which would signal an imminent recession; but with this week’s report that trend *may* be breaking – to the good side. Tags: New Deal Democrat
Topics:
run75441 considers the following as important: New Deal Democrat, US EConomics
This could be interesting, too:
New jobless claims decline for a (recent) change For the last several months, there has has been nearly a relentless slow increase in new jobless claims. That trend broke, at least for this week. Initial jobless claims declined by 2,000 to 250,000. More importantly, the 4 week average also declined by 2,750 to 246,750. Continuing claims rose 7,000 to 1,437,000, the highest since April: Claims have been on track to turn higher YoY in November, which would signal an imminent recession; but with this week’s report that trend *may* be breaking – to the good side. Tags: New Deal Democrat
Topics:
run75441 considers the following as important: New Deal Democrat, US EConomics
This could be interesting, too:
Angry Bear writes Wages Have Not Caught Up with Previous Inflation
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NewDealdemocrat writes Economic Data
Bill Haskell writes Industrial Policy
New jobless claims decline for a (recent) change
For the last several months, there has has been nearly a relentless slow increase in new jobless claims. That trend broke, at least for this week.
Initial jobless claims declined by 2,000 to 250,000. More importantly, the 4 week average also declined by 2,750 to 246,750. Continuing claims rose 7,000 to 1,437,000, the highest since April:
Claims have been on track to turn higher YoY in November, which would signal an imminent recession; but with this week’s report that trend *may* be breaking – to the good side.