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Tag Archives: new jobless claims

New jobless claims: a possible reversal with a slight rising trend

Initial jobless claims rose 19,000 to 200,000, continuing above the recent 50+ year low of 166,000 set in March. The 4 week average also rose by 8,000 to 188,000, compared with the all-time low of 170,500 set four weeks ago. On the other hand, continuing claims declined -19,000 to 1,384,000, yet another new 50 year low (but still well above their 1968 all-time low of 988,000): The “job openings” component of the March JOLTS report...

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New jobless claims stall, adding to the evidence that stalling vaccinations and case counts are having an economic effect

New jobless claims stall, adding to the evidence that stalling vaccinations and case counts are having an economic effect New jobless claims have been the most important weekly economic datapoint this year, as they have correlated strongly with vaccination progress. Unfortunately, that progress has largely stalled in the past month, and now new jobless claims appear to have stalled as well. This week new jobless claims declined 7,000 to...

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