Weekly Claims Drop to 445,000, 4-Week Moving Average at 455,750; Where to From Here?
“There has been no lasting improvement for nearly 10 months.
To be consistent with an economy adding jobs coming out of a recession, the number of claims needs to fall to the 400,000 level.
At some point employers will be as lean as they can get (and still stay in business). Yet, that does not mean businesses are about to go on a big hiring boom. Indeed, unless consumer spending picks up, they won’t.”
Via MISH’S Global Economic Trend Analysis