Jobless claims: a very positive reversal ; This week’s new jobless claims report not only reversed last week’s increase but declined below 800,000 for the first time on an *un*revised basis. I say that because revisions from two weeks ago now have that week as the lowest since the pandemic struck.  [NOTE: California has restarted […] [Read More...]

Jobless claims: only one week’s data, but cause for significant concern ; Today marked the biggest increase in new jobless claims in two months, and one of the two biggest increases since May, while the slightly lagging continuing claims continued to decline. On a non-seasonally adjusted basis, new jobless claims rose by 76,670 to 885,885. […] [Read More...]