There has been a bit of talk about jobless claims since the abnormally large fall in claims two weeks ago. Those numbers were skewed by reporting anomalies that were adjusted in the subsequent week. Looking beyond the week to week data, however, one sees a discernible trend down in jobless claims. And this is not consistent with recession.
When I started Credit Writedowns during the recession in 2008, I used to look at the jobless claims data a lot. Previously, I had noted that a rise or fall...
As this site is now reader-supported via Patreon, the remainder of this article is only available to subscribers at a specific patronage level. Articles at patronage levels BRONZE, SILVER, and GOLD are denoted by the categories in blue capital letters above the post. Posts categorized DAILY are available to both SILVER and GOLD patrons.
Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.