Heterodox
New jobless claims increase: exit Delta, enter supply chain chokepoints? This week jobless claims were higher for the third week in a row, and the 4-week average also rose slightly. Initial claims rose 11,000 to 362,000, and the 4-week average rose 4,250 to 340,000, from last week’s pandemic low: Meanwhile, continuing claims declined 18,000 to 2,802,000, but remain above the pandemic low of 2,715,000 of two weeks ago: It appears...
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