Tag Archives: jobless claims

Jobless claims show renewed downward trend; still some slack in continued claims Jobless claims declined 6,000 this week to 290,000, yet another pandemic low. The 4 week average also declined 15,250 to 319,750, also another pandemic low: With the exception of the last few years of the last expansion, this level of weekly initial claims would be very low for any point in the last 50 years, and the 4 week average would be average for late in...

Jobless claims: a renewed downward trend? Jobless claims declined 36,000 this week to 293,000, another pandemic low. The 4 week average also declined 10,500 to 334,500, also another pandemic low: With the exception of the last few years of the last expansion, this level of weekly initial claims would be very low for any point in the last 50 years, and the 4 week average would be average for an expansion: Continuing claims...

Jobless claims continue in normal mid-cycle range Last week I encouraged readers to take the very low jobless claims number with a grain of salt due to Labor Day artifacts, and see if the big reduction was maintained or reversed this week. This week did indeed reverse the pattern somewhat, but not enough to interfere with the overall declining trend.Initial claims rose 20,000 to 332,000, while the 4-week average declined 4,250 to 335,750, the...

Jobless claims show continuing improvement, now well within normal expansion range Way back at the beginning of spring, I set a goal of initial claims being 400,000 or less by Labor Day as a marker for a good COVID recovery – which I was reminded of because the aforesaid holiday is this weekend. Well, we blew through that a while ago, and at this point, all of the jobless claims markers are well within the range of a normal expansion. This...

Initial jobless claims continue in range, while continuing claims sharply decline Initial jobless claims declined another 14,000 this week to 385,000, still 17,000 above their best pandemic levels of 368,000 set on June 26 and July 10. The 4 week average of claims declined by 250 to 394,000, also 9,500 above its pandemic low set on July 11: Significant progress in the decline of initial claims remains stalled, as it has for the last 2...

Initial jobless claims continue in range, while continuing claims sharply decline Initial jobless claims declined another 14,000 this week to 385,000, still 17,000 above their best pandemic levels of 368,000 set on June 26 and July 10. The 4 week average of claims declined by 250 to 394,000, also 9,500 above its pandemic low set on July 11: Significant progress in the decline of initial claims remains stalled, as it has for the last 2...

Trend in new jobless claims flattens: the virus remains in control in the unvaccinated States New jobless claims are the most important weekly economic datapoint with regard to the effects of vaccination progress. Four weeks ago I wrote, “I think we are going to see two tracks going forward from here, as near-normalcy does return to the more vaccinated parts of the country, while attempts to return to normalcy fail in the laggard regions.”...

New jobless claims continue strong decline, consistent with ongoing recovery, while continuing claims continue mixed New jobless claims continue to be the most important weekly economic datapoint, as increasing numbers of vaccinated people and outdoor activities have led to an abatement of the pandemic – deaths are at their lowest point in over a year, and new infections at their lowest points since the onset of the pandemic.  Several weeks...

New jobless claims continue to decline at rate of 100,000 per month, while continued claims stall at elevated level New jobless claims continue to be the most important weekly economic datapoint, as increasing numbers of vaccinated people and outdoor activities have led to an abatement of the pandemic – both new infections and deaths are near their lowest points in a year.  We have hit my objective for new claims to be under 500,000 by...

Big decline in new jobless claims continues, while decline in continuing claims has stalled New jobless claims continue to be the most important weekly economic datapoint, as increasing numbers of vaccinated people and outdoor activities have led to an abatement of the pandemic – both new infections and deaths are near their lowest points in a year.  We have hit my objective for new claims to be under 500,000 by Memorial Day. My second...