Tuesday , November 5 2024
Home / The Angry Bear / Initial Jobless Claims continue recent excellent streak

Initial Jobless Claims continue recent excellent streak

Summary:
Initial claims continue recent excellent streak  – by New Deal democrat Initial jobless claims continued their recent excellent reports, as there were only 192,000 new claims, down -3,000 from the week before, and close to their 50+ year lows of last March and April. The 4 week average increased 1,500 to 191,250, still an excellent number. Continuing claims, with a one week delay, declined -37,000 to 1,654,000, still in their slightly elevated range that started in November: On a YoY basis, contnuing claims were slightly higher, while initial claims were slightly lower: Remember, I do not believe there is any recession signal until initial claims on a 4 week moving average basis are at least 10% higher YoY. The almost complete lack of

Topics:
NewDealdemocrat considers the following as important: , ,

This could be interesting, too:

NewDealdemocrat writes Real GDP for Q3 nicely positive, but long leading components mediocre to negative for the second quarter in a row

Joel Eissenberg writes Healthcare and the 2024 presidential election

NewDealdemocrat writes JOLTS report for September shows continued deceleration in almost all metrics, now close to a cause for concern

NewDealdemocrat writes Repeat home sales accelerate slightly monthly, but continue to show YoY deceleration

Initial claims continue recent excellent streak

 – by New Deal democrat

Initial jobless claims continued their recent excellent reports, as there were only 192,000 new claims, down -3,000 from the week before, and close to their 50+ year lows of last March and April. The 4 week average increased 1,500 to 191,250, still an excellent number. Continuing claims, with a one week delay, declined -37,000 to 1,654,000, still in their slightly elevated range that started in November:

Initial Jobless Claims continue recent excellent streak

On a YoY basis, contnuing claims were slightly higher, while initial claims were slightly lower:

Initial Jobless Claims continue recent excellent streak

Remember, I do not believe there is any recession signal until initial claims on a 4 week moving average basis are at least 10% higher YoY.

The almost complete lack of layoffs remains one of the two biggest signals (along with near-record housing units under construction) contra any near-term recession.

As Holiday seasonality disappears, initial jobless claims turn higher YoY, Angry Bear, New Deal democrat

Leave a Reply

Your email address will not be published. Required fields are marked *