Still Below Cautionary Levels
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.
More By This Author:
Industrial Production Improves, With Help From Vehicle ProductionIn Housing Construction, The Last Domino Still Refuses To Fall
July Retail Sales: Gas And Vehicle Sales Continue To Dominate The Trend
Disclaimer: This blog contains opinions and observations. It is not professional advice in any way, shape or form and should not be construed that way. In other words, buyer beware.
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