Tuesday , July 16 2019
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Horrible continuing claims data speak to decelerating job growth

Summary:
Real quick here. I saw the jobless claims data today and thought they looked pretty good. But, I decided to go back to my 2008-2009 practice of sifting through the raw data for both initial claims and continuing claims. The numbers weren't nearly as good. And, continuing claims look downright ugly....

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Real quick here.

I saw the jobless claims data today and thought they looked pretty good. But, I decided to go back to my 2008-2009 practice of sifting through the raw data for both initial claims and continuing claims. The numbers weren't nearly as good. And, continuing claims look downright ugly....

Edward Harrison
I am a former European credit markets and M&A guy who started out as a diplomat. — so I have some pretty diverse interests.

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