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:
NewDealdemocrat writes JOLTS revisions from Yesterday’s Report
Bill Haskell writes The North American Automobile Industry Waits for Trump and the Gov. to Act
Bill Haskell writes Families Struggle Paying for Child Care While Working
Joel Eissenberg writes Time for Senate Dems to stand up against Trump/Musk
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.