– by New Deal democrat You may recall that last week I wrote that beginning this week and for the next 6+ months, initial claims would be up against some very tough comparisons from 2023 and would be the ultimate true test of whether there has been unresolved post-pandemic seasonality in the numbers. Well, this week’s numbers suggest the unresolved seasonality hypothesis is still with us, but with considerable ambiguity. Initial claims did...
Read More »Important mixed messages from jobless claims this week
– by New Deal democrat You may recall that last week I wrote that beginning this week and for the next 6+ months, initial claims would be up against some very tough comparisons from 2023 and would be the ultimate true test of whether there has been unresolved post-pandemic seasonality in the numbers. Well, this week’s numbers suggest the unresolved seasonality hypothesis is still with us, but with considerable ambiguity. Initial claims did...
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