– by New Deal democrat
Initial claims were 250,000 last week. The 4 week average increased to 234,250. Continuing claims with a one week delay were 1.716 million.
Most importantly, YoY the4 week moving average is up 9.5%:
This is well below the 12.5% YoY increase necessary to trigger a new caution.
Jobless claims: a good example of why my forecasting discipline demands a confirmed trend, Angry Bear, New Deal democrat