Yesterday’s Initial Claims and Continuing Claims figures came in relatively good on Thursday. Initial Claims dropped almost 9% from the previous week, coming in at a seasonally adjusted 255K. Continuing Claims also improved, coming in down 0.4% to a seasonally adjusted 2.207 million. Both provide evidence that the U.S. economy is on stable footing. Initial Claims Picture Here’s a look at the Initial Claims picture. Unsurprisingly if you’re a follower of the American economy, Initial Claims are floating close to all-time lows. The 255K Claims figure released by the BLS is the lowest since 1973. Here’s a business cycle look. Each…
Initial Claims Say It's the 1980s, Continuing Claims Say It's the 1990s. Which One Is It?
Harrison Roger
Roger is an economic adviser and active angel investor. He owns various economics firms. His work allows him a diverse group of clients across the globe, including the United States, Europe, and Asia. He holds a Ph.D. in business economics.
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