Heterodox
Initial claims travelin’ man edition: still below cautionary levels – by New Deal democrat Initial claims were 250,000 last week. The 4 week average increased to 234,250. Continuing claims with a one week delay were 1.716 million. Most importantly, YoY the4 week moving average is up 9.5%: This is well below the 12.5% YoY increase necessary to trigger a new caution. Jobless claims: a good example of why my forecasting discipline...
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