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Chart of the Week

Archived Chart: From July 5, 2019

New claims for unemployment insurance for the week of June 29th declined modestly. However, the less volatile four-week moving average has moved higher for the fourth consecutive week, which doesn’t bode well for the economy. If the upswing in this leading indicator continues, the odds of a recession will increase. We’ll be following this key indicator closely in the weeks ahead... stay tuned.

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