Heterodox
– by New Deal democrat For the last several months, jobless claims have been buffeted first by unresolved post-pandemic seasonality, and then also by the effect of Hurricane Debby on claims in Texas. The first is now abating, and the second has ended, as this week claims in Texas declined to their typical level last year at this time. To the numbers: initial claims rose 4,000 to 232,000, while the four-week moving average declined -750 to...
Read More »As the Debby effect dissipates, initial claims remain positive for the economy
