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Jobless claims are now flashing red too

Summary:
I just got this via email from the US Labor Department:In the week ending February 2, the advance figure for seasonally adjusted initial claims was 234,000, a decrease of 19,000 from the previous week's unrevised level of 253,000. The 4-week moving average was 224,750, an increase of 4,500 from the previous week's unrevised average of 220,250.This is the second consecutive week of elevated jobless claims. The good thing is there is likely residual seasonality here. And this is only two weeks' ...

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I just got this via email from the US Labor Department:
In the week ending February 2, the advance figure for seasonally adjusted initial claims was 234,000, a decrease of 19,000 from the previous week's unrevised level of 253,000. The 4-week moving average was 224,750, an increase of 4,500 from the previous week's unrevised average of 220,250.
This is the second consecutive week of elevated jobless claims. The good thing is there is likely residual seasonality here. And this is only two weeks' ...

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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