Continuous Jobless Claims Continues to IncreaseU.S. Continuous Jobless Claims
Rep: 1,895 🚨 20k HIGHER THAN EXPECTED🚨
Exp: 1,875K
Prev: 1,865k (revised down from 1,871k)
20,000 higher continuous claims than expected. This is keeping the long term trend rising and remains one of thee most concerning charts out there.
Chart Trend
Since Sept 2022 continuing claims increased from 1.302m to 1.895m (593k+).
This is significantly concerning trend and suggests that an increasing number of people that have become unemployed are remaining unemployed for longer.
Recession Watch
For the last 6 Recessions the 2.86m level was surpassed confirming or coinciding with recession initiation (see red dashed line). This is noted as the “Last 6 Recessions Threshold” on the chart. This is a level that was surpassed on confirmation of recession commencement (recessions are in red). The blue levels are pre-recession increases which are the warnings we are trying to interpret to get a lead.
The above chart above has min, avg and max levels on the bottom right to illustrate the levels we would need to hit for increased the pre recession risk. Right now this chart demonstrates we are at max timeframe and close to max levels for an advance recession warning.
PUKA
