Relevant and even prescient commentary on news, politics and the economy.

Initial jobless claims continue neutral trend, while continuing claims make a 3-year high

 – by New Deal democrat This Christmas week initial claims declined -1,000 to 219,000. The four week average rose 1,000 to 226,500. With the typical one week delay, continuing claims 46,000 to 1.910 million, the highest number in over 3 years: On the YoY% basis more important for forecasting purposes, initial claims were up 2.8%, […]

New Deal Democrats Weekly Indicators December 2-6

 – by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. This week whipsawed the data that was heavily influenced by Thanksgiving week.  The tone of the short leading and coincident data remains positive. The negativity of much of the long leading data is becoming more problematic. As usual, clicking over and reading […]