- by New Deal democrat
There’s a blizzard of data this morning. I’ll report on retail sales and Industrial production later.
But let’s start with initial jobless claims, which were unchanged this week at 262,000, the highest level in over 18 months. The 4 week average increased 9,250 to 246,750. Continuing claims, with a one week lag, increased 20,000 to 1.775 million: