A note on initial jobless claims
A note on initial jobless claims
Initial jobless claims for last week were reported at 206,000 this morning. That is one of the lowest weekly readings during this expansion.More significantly, the 4 week moving average is back below 10% off its low, within the range of typical noise:
And it is down -4.6% YoY, which as the below graph going back 50 years shows, is actually a quite positive reading:
I continue to expect a slowdown next year, so I am not expecting any substantial improvement in this number, but it is certainly not negative now.
Well, except it is not one of the lowest readings when you adjust to shutdown government offices post holiday. YrY is irrelevant in this regard.
Spell you moniker correctly the next time please.
So, yea Trump?
Or is it more likely that we’ve permanently driven so many former workers out of the job market and to homelessness, drug addiction and suicide that this is NOT at all a “positive reading?”