Thursday, August 17, 2023

Initial claims travelin’ man edition: still below cautionary levels


 - by New Deal democrat

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.