Initial jobless claims remain higher on a YoY basis, but do not suggest near term recession  – by New Deal democrat Initial jobless claims rose 2,000 last week to 211,000. The 4 week moving average declined -6,250 to 211,000. With a one week lag, continuing claims rose 42,000 to 1.670 million: Although this appears very […]

Initial jobless claims maintain renewed yellow caution flag  – by New Deal democrat Some post-pandemic unresolved seasonality may be affecting the weekly claims figures, as just like last year, they are declining sharply compared with early August. But on a YoY basis, they are not nearly so positive. Initial jobless claims rose 3,000 last week […]

Jobless claims: a good example of why my forecasting discipline demands a confirmed trend  – by New Deal democrat Initial jobless claims for the last week of July rose 6,000 to 227,000. The 4 week average decreased -5,500 to 228,250. Continuing claims, with a one week lag, rose 21,000 to 1.7 million: The YoY% change […]

Initial jobless claims: still at distress levels, still not red flag recession warning  – by New Deal democrat Initial claims dropped -26,000 last week to 239,000, the top of their former range this spring. The more important 4 week moving average rose 1,500 to 257,500, a new 18 month high. With a one week lag, […]

Initial and continuing claims edge closer to signaling recession  – by New Deal democrat There’s a blizzard of data this morning. I’ll report on retail sales and Industrial production later. But let’s start with initial jobless claims, which were unchanged this week at 262,000, the highest level in over 18 months. The 4 week average increased […]

Yellow flag from initial jobless claims turns a little more orangey  – by New Deal democrat Initial jobless claims rose 22,000 to 264,000 last week, while the 4 week average rose 6,000 to 245,250. Continuing claims, with a one week lag, rose 12,000 to 1.813 million: Note that both measures of initial claims are at […]

Jobless claims hoist yellow flag again; employment and unemployment likely to show further deceleration tomorrow  – by New Deal democrat Initial jobless claims rose 13,000 to 242,000 last week, while the 4 week average rose 3,500 to 239,250. Continuing claims, with a one week lag, declined -38,000 to 1.805 million: This is right in the […]

Initial claims continue to warrant yellow caution flag  – by New Deal democrat Initial jobless claims last week rose 11,000 to 239,000. The more important 4 week average rose 2,250 to 240,000. Continuing claims, with a one week delay, decreased 13,000 to 1,823,000: At this juncture the YoY change is more important, because increases of […]

Almost nobody is still getting laid off, but this week, it’s not good enough  – by New Deal democrat Today and tomorrow update the two remaining positive sectors of the economy: jobs and real personal income. And the first one continued to give excellent historical readings, but relatively speaking suffered in comparison to their all-time […]

Initial claims continue recent excellent streak  – by New Deal democrat Initial jobless claims continued their recent excellent reports, as there were only 192,000 new claims, down -3,000 from the week before, and close to their 50+ year lows of last March and April. The 4 week average increased 1,500 to 191,250, still an excellent […]