Heterodox
– by New Deal democrat Initial claims declined -8,000 last week to 215,000, well within its recent nine month range, after a two week elevated excursion. The four week moving average, reflecting that excursion, increased to a nine month high of 219,750. Continuing claims, with the usual one week delay, rose 8,000 to 1.794 million, also well within their recent nine month range: As per usual, the YoY% change is more important for forecasting...
Read More »After a two-week excursion, initial claims fall back into range; the “quick and dirty” forecast model stays positive
