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Chart of the Week

Archived Chart: From October 25, 2019

Initial claims for unemployment insurance (i.e. jobless claims) declined for the week of October 19th, bringing the four-week moving average slightly lower as well. Jobless claims are historically one of the most reliable confirmation signals for recessions. With readings currently near a 50-year low, jobless claims are suggesting that recession may not be on the horizon, despite continued deterioration in the U.S. economic data. Stay tuned...

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