Heterodox
– by New Deal democrat The Bonddad Blog Initial claims in the last week rose 9,000 to 221,000, while the four week moving average increased 2,750 to 214,250. With the usual one week lag, continuing claims declined 19,000 to 1.791 million: On the more important YoY% basis for forecasting purposes, initial claims are up 2.3%, while the four week average is down -4.5%. Continuing claims are still up, by 5.1%: The important takeaways...
Read More »Decline in continuing claims, stability in initial claims suggest downward pressure on the unemployment rate
