Heterodox
Jobless claims increase; no longer positive but neutral (and likely still affected by unresolved seasonality) – by New Deal democrat I’m still on the road, so this will be an abbreviated report. Initial claims rose 14,000 to 249,000, the highest since last August. The four week moving average rose 2,500 to 238,000, the highest since last September. Continuing claims, with the usual one week lag, rose 33,000 to 1.877 million, the highest...
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