Continuous Jobless Claims in High Risk Territory
U.S. Continuous Jobless Claims
Rep: 1,906k 🚨Higher than Expected 🚨
Exp: 1,889K
Prev: 1,898k (revised down from 1,905k)
Continuous claims came at 1,906k which is 8,000 higher than last weeks revised 1,898k.
The Trend
Since Sept 2022 continuing claims have increased from 1.302m to 1.906m (604k+).
This is significantly concerning trend & suggests that an increasing number of people that have become unemployed are remaining unemployed for longer.
Short Term Trend ~ Weekly Chart - FEATURED CHART
Long Term Chart Trend ~ Monthly Chart - SEE BELOW LINK
Recession Watch
Both charts above have min, avg and max levels on the bottom right to illustrate the levels we would need to hit for increased recession risk.
Right now this chart demonstrates we are at max timeframe and close to max levels for an advance recession warning.
PUKA
Rep: 1,906k 🚨Higher than Expected 🚨
Exp: 1,889K
Prev: 1,898k (revised down from 1,905k)
Continuous claims came at 1,906k which is 8,000 higher than last weeks revised 1,898k.
The Trend
Since Sept 2022 continuing claims have increased from 1.302m to 1.906m (604k+).
This is significantly concerning trend & suggests that an increasing number of people that have become unemployed are remaining unemployed for longer.
Short Term Trend ~ Weekly Chart - FEATURED CHART
Long Term Chart Trend ~ Monthly Chart - SEE BELOW LINK
Recession Watch
Both charts above have min, avg and max levels on the bottom right to illustrate the levels we would need to hit for increased recession risk.
Right now this chart demonstrates we are at max timeframe and close to max levels for an advance recession warning.
PUKA
Comment:
*Continuous claims came at 1,807k, lower than the expected 1,815k, and HIGHER than last week’s upwards revision of 1,803k.
Rep: 1,807k ✅ Lower Than Expected ✅
Exp: 1,815K
Prev: 1,803k (revised up from 1,794k)
Continuous claims came at 1,807k, lower than the expected 1,815k, and lower than last week’s upwards revision of 1,803k.
This decrease demonstrates a good reduction in claims over the shorter term as we were hovering around the 1,860k – 1,906k level since the 15th Jan 2024 (almost 2 months).
Short Term Trend ~ Weekly Chart
Long Term Trend
Since Sept 2022 continuing claims have increased from 1.302m to 1.807m (505k+).
The long term trend is significantly concerning & suggests that an increasing number of people that have become unemployed are remaining unemployed for longer.
Recession Watch
Both charts above have min, avg and max levels on the bottom right to illustrate the levels we would need to hit for increased recession risk.
Right now these charts demonstrate we are at max timeframe and close to max levels for an advance recession warning, however we did have a small reduction this week in continuous jobless claims which is positive for the short term, however we are still elevated overall and at levels consistent with pre-recession warnings historically.
PUKA