The unemployment claims typically trend higher when a recession is on the come. Yesterday's claims are the highest since Halloween 2021. The chart shows the moving average bottoming last September and layoffs and firings trending higher for 9 months. The recession, however, remains with Godot, and is not showing-up yet.
Keystone's prior unemployment claims chart from March is linked here. DOL data linked here. The data set is sloppy since last Fall was not shown as the bottom in the moving average back then. The revisions worsened the picture showing that the trend higher in claims is ongoing for many months since last September.
The brown moving average line should move above the prior high over the next couple weeks since claims jump higher maintaining the trend higher. Unemployment claims tell you a recession is on the come but the wealthy class keeps spending money keeping the economy afloat. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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