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New jobless claims decline for a (recent) change

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

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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:

New jobless claims decline for a (recent) change

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.

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