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Initial jobless claims still weakly positive

Summary:
- by New Deal democratI have started to monitor initial jobless claims to see if there are any signs of stress.My two thresholds are:1. If the four week average on claims is more than 10% above its expansion low.2. If the YoY% change in the monthly average turns higher.Here’s this week’s update. The four week average is 8.6% above its recent low:  YoY the average is -0.5% lower than this week last June. Last June the monthly average was 222,000. With two weeks to go this June, it is 219,000: Like so many other economic indicators at this point, initial jobless claims remain weakly positive.

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 - by New Deal democrat

I have started to monitor initial jobless claims to see if there are any signs of stress.

My two thresholds are:
1. If the four week average on claims is more than 10% above its expansion low.
2. If the YoY% change in the monthly average turns higher.

Here’s this week’s update.


The four week average is 8.6% above its recent low: 

Initial jobless claims still weakly positive

YoY the average is -0.5% lower than this week last June.

Last June the monthly average was 222,000. With two weeks to go this June, it is 219,000:

Initial jobless claims still weakly positive

Like so many other economic indicators at this point, initial jobless claims remain weakly positive.

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