Initial Claims Danger v.22

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Click to enlarge.

This crappy initial claims report was better than I expected. I'm therefore downgrading the danger from extreme. I'm backhanding the compliments today. That's right. There's a sense of optimism in the air!

The biggest news of the day is found within the report.

In the week ending November 3, the advance figure for seasonally adjusted initial claims was 355,000, a decrease of 8,000 from the previous week's unrevised figure of 363,000.

Holy Mother of God! A miracle has occurred! So endeth 70 straight weeks of upward revisions!

See Also:
Extreme Initial Claims Danger v.21

Source Data:
St. Louis Fed: Initial Claims
DOL: Initial Claims