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Chart of the Week

Archived Chart: From April 26, 2019

New claims for unemployment insurance for the week of April 20 increased by more than economists had expected. However, the less volatile four-week moving average is still sitting near recent lows. If this leading indicator remains near these levels (red arrow on graph below), the odds of a recession will likely be diminished. We’ll be following this key indicator closely in the weeks ahead... stay tuned.

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