Macro: Unemployment Claims

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We are still at historically low levels of both initial and continuing claims. And we are concerned and watching as the trend looks to be on the rise. Weekly continuing claims continue to be above the 4-week average. We get concerned for the economy when this number goes from 2,000,000 to 2,500,000 but are wary that the low starting point may indicate that weakness in the economy may show up at lower levels of claims.
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