Economic Outlook: Difference between revisions

Economic Outlook (view source)

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 What is the current data telling us?
-# Initial jobless claims currently at 216,000. It is up 30% since the trough in March. <ref>https://fred.stlouisfed.org/series/ICSA#:~:text=An%20initial%20claim%20is%20a,for%20the%20Unemployment%20Insurance%20program.</ref>
+# Initial jobless claims currently at 194,000. It is up 15% since the trough in March. <ref>https://fred.stlouisfed.org/series/ICSA#:~:text=An%20initial%20claim%20is%20a,for%20the%20Unemployment%20Insurance%20program.</ref>
-# Continued jobless claims currently at 1,672,000. it is 28% since the trough in March.<ref>https://fred.stlouisfed.org/series/CCSA</ref>
+# Continued jobless claims currently at 1,696,000. it is 30% since the trough in March.<ref>https://fred.stlouisfed.org/series/CCSA</ref>
-In conclusion, even though at a historical low level, jobless claims had already increased 30% since its lowest point in March 2021, if this upward trend continues in the next months, it will materialize on higher unemployment rate in 2023.
+In conclusion, even though at a historically low level, continuing jobless claims had already increased 30% since its lowest point in March 2021. In recent weeks the initial claims have stabilized and even decreased again, but continuing claims has stayed flat.
 === Conclusion: ===