Friday, November 25, 2016

In Line With Decreasing Gasoline Demand, First Time Unemployment Claims Surge 18,000; Not Widely Reported -- November 25, 2016

Earlier this week I posted this graphic, suggesting that "gasoline demand" data was not particularly comforting:

Now, look at the jobs data released this week:
  • first time unemployment claims surged 18,000 from the weeks previous revised level
  • previous week: 233,000 claims
  • most recent week: 251,000 claims
  • 4-week moving average: 251,000; (previous week revised to 253,000)

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