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